11/23/2017

Vestas and Fortum Energy Build Wind Farm in Russia

After the two companies have won Russia’s first wind energy auction, the two companies have signed the first order of a binding framework agreement.

Official Press Release Vestas:

Vestas enters into framework agreement and receives first order in the world’s fourth largest electricity market

Following the success of Vestas and OOO Fortum Energy in Russia’s first wind energy auction, the two companies have signed the first order of a binding framework agreement.

The framework agreement engages Vestas to supply its 4 MW platform for wind energy projects in the world’s fourth largest electricity market, while the order includes 14 V126-3.6 MW turbines for a 50 MW project at an undisclosed site. The announcement references company announcement no. 25 of 21 June 2017. With the agreement, Vestas and OOO Fortum Energy will together lead the expansion of wind energy in Russia and work with local partners to establish a strong local manufacturing and supply chain capacity. This includes setting up a blade factory in the region of Ulyanovsk, as well as... ... More: Official Press Release Vestas