Vestas puts four wind projects in Russia on hold

After halting new Russian transactions last week, the Danish OEM puts four projects on the back burner.
Photo: Rusnano
Photo: Rusnano
BY RITZAU, TRANSLATED BY CHRISTOFFER ØSTERGAARD

At first, Vestas announced a full stop to any new Russian transactions.

Now the Danish manufacturer is taking things a step further, putting four Russian wind projects on hold, reports Vestas in a written response to Danish media Ekstra Bladet and Ritzau.

"We are currently very concerned about our employees, and that is priority number one for us right now."

"Our activities in Russia are naturally affected, and we have opted to stop any new commercial activities and installation work on wind farms in Russia until further notice," the turbine maker notes in the written response.

This comes after cutting a deal with Vestas' Finnish customer, the company informs. According to Danish media Ekstra Bladet, the projects have been by Wind Energy Development Fund, a joint venture between Fortum and Russian nanotech company Rusnano.

In September 2021, the wind turbine giant reported to have signed four deals with a total capacity of 253MW.

Three of the Russian projects are sited near Samara in the southwestern part of the vast country. It was expected that these would be in full swing by the end of 2023.

The last project is located slightly more to the south – closer to Volgograd – with commissioning expected by the end of 2022, according to prior announcements by Vestas.

So far, Vestas has no comment on whether a date has been set for how long the projects are planned to be suspended.

The wind giant also has two factories in Russia that manufactures wind turbine blades and nacelles, a component used in the generator of turbines.

One factory is located in Dzerzhinsk east of Moscow, while the other is located to the southeast in Ulyanovsk.

This is close to Samara where three of the wind farms will be set up.

Operations won't cease at the factories for the time being.

"The situation is developing quickly, and we asses our activities on an ongoing basis. As projects are halted, we're also looking into scaling down production," notes Vestas.

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