Rosatom partners with Dutch wind turbine builder

09 February 2017, Week 05 Issue 846

The Russian state-owned nuclear corporation Rosatom has signed a partnership agreement with a Dutch wind power firm, Lagerwey, to develop the production of wind turbines in Russia.

The deal includes the creation of a joint venture between the two firms, which will be set up by the end of the year, Rosatom said in a press release on February 1. The joint venture will be on a parity basis between Lagerwey and Rosatom’s subsidiary, OTEK.

“Here we speak of the formation of an entirely new industry in Russia,” Rosatom’s first deputy director general Kirill Komarov said in a statement. “Rosatom sees its goal not only in building wind farms but in the development of regulatory systems, personnel training systems, production localisation, certification [and] R&D systems for wind energy,” he added. “Moreover, it corresponds to the government’s 2017-2025 [energy] strategy aimed at shifting to the sustainable green development model.”

Rosatom estimates that the future energy generation capacity of wind farms in Russia could reach 3,600 MW by 2024, which would yield around US$1.6 billion in revenues. The company also estimates that the potential market for wind energy equipment, facilities, maintenance and after-sales services could amount to US$6.3 billion.

The state-owned Russian firm said that between 2018 and 2020 it intended to build wind farms capable of producing 610 MW of electricity. Facilities for the production of wind turbines parts such as blades are expected to be ready by 2020, which would service 250 MW of electricity generation capacity. Such parts will be manufactured at Rosatom’s existing production facilities at subsidiaries Atomenergomash and UMATEX.

Lagerwey, which is headquartered in the central Dutch region of Barneveld, said that it had beaten 21 other companies to become Rosatom’s licencing partner in the development of wind power in Russia. “We are committed to enabling Rosatom and its subsidiaries to realise its ambition of 65% [production] localisation,” said Lagerwey CEO Huib Morelisse in a statement.

Russia currently has only four functioning wind farms producing 15 MW of electricity for domestic homes and businesses. After Russia’s annexation of Crimea in 2014, however, six more wind farms generating 74 MW were added to the country’s hydrocarbon-heavy energy mix, although the six wind farms are currently idle owing to uncertainties over their legal status.

Joseph Murphy

Edited by

Joseph Murphy

Editor

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