Vestas, Fortum Energy sign first order of binding framework agreement
Vestas and OOO Fortum Energy have signed the first order of a framework agreement, following the successful participation in wind energy auction in Russia.
According to the agreement, Vestas will supply its 4MW platform for wind energy projects in Russia while the order includes 14 V126-3.6 MW turbines for a 50MW project.
Vestas and OOO Fortum Energy will together expand the wind energy industry in Russia in conjunction with local manufacturers. They will establish a blade factory in Ulyanovsk region, a nacelles assembly plant in Nizhny Novgorod region, and a towers factory in Rostov region.
Vestas will offer its experience across the value chain of the industry. This includes help with project siting for all wind power plants, offering products and service solutions, establishment of local manufacturing footprints, supply chain localisation and optimisation, and turbine installation.
Vestas Central Europe president Nils de Baar said: “As the global leader in wind energy, it is an expression of our commitment to Russia that Vestas, together with Fortum Energy, takes a strong role in helping the world’s fourth largest electricity market towards a more sustainable energy mix.
“Vestas will deliver its most advanced technology through our 4 MW platform as well as market-leading cost of energy and local manufacturing and supply-chain expertise that will provide affordable, sustainable energy and create long-term jobs across different Russian regions”.
Denmark-based Vestas designs, manufactures, installs, and services wind turbines across the globe. It has installed 87GW of wind turbines in 76 countries. Fortum Energy is an energy company which operates power plants with focus on Nordic, Baltic countries besides Russia, Poland and India.