NovaWind is a Rosatom unit set up in September 2017. At the initial stage, NovaWind got control over all Rosatom’s wind energy assets and it is now responsible for the segment. The company founded four branch offices in the cities of Volgodonsk, Krasnodar, Stavropol, and Rostov-on-Don to implement wind projects.
NovaWind companies will construct a total of 1 GW of wind facilities until 2022.
In February 2018, Rosatom sold 49.5% of VetroSGC to Gazprombank’s subsidiary GPB-Wind Generation, leaving a controlling stake. VetroSGC was established in 2011 as a subsidiary of OTEK, Rosatom’s manager of non-nuclear assets, for implementation of wind energy projects.
Around 340 MW of wind projects, which the company won at the 2017 government auction, will be later transferred to VetroSGC-2.
In November 2017, NovaWind and Dutch company Lagerwey established a 50%-50% joint venture Red Wind to supply wind turbines to local projects.
In February 2019, Russia’s Ministry of Industry and Trade, NovaWind and Red Wind signed a special investment contract for production and assembly of key components of wind turbines at the Atommash plant in Volgodonsk in the Rostov Region. The planned capacity is 96 sets per year. NovaWind’s investment is estimated at 955 mln rubles (around USD15 mln).
Subsidiaries and affiliates
Red Wind (50%)