PAO Severstal, RUSNANO and Windar Renovables have concluded an agreement to create a joint venture, WRS Bashni, LLC, to produce steel towers for wind-driven power plants (WDPP).
The renewable energy products, which will be the first of their kind in Russia, will be built in the Rostov Region. The wind energy equipment will be installed as part of a government programme to develop and stimulate the generation of renewable energy sources in Russia (RES).
During the first stage, total investment in the project will be more than 750 million roubles.
For the full press release, go to severstal.com