Russia's Rosatom registers new wind asset management subsidiary
Source: Lagerwey (www.lagerwey.com)
Russian state-controlled nuclear energy company Rosatom has registered a new firm called JSC NovaWind for the purpose of consolidating and managing its wind energy assets, a press statement says.
NovaWind, with a registered capital of RUB 1.1 billion (USD 19m/EUR 16m), will absorb Rosatom’s current wind project development unit, namely VetroSGC. The latter won contracts for 610 MW and 360 MW of wind power capacity in local auctions held this and last year.
The new subsidiary will also assume the rights under a licensing agreement with Dutch wind turbine manufacturer Lagerwey. As previously announced, Rosatom and Lagerway plan to create a joint venture in Russia later in 2017 with plans to produce 250 MW of turbines per year.
NovaWind will be led by Alexander Korchagin, who previously headed Rosatom's United Thermal Power Company (OTEK).