10 May 2023 10:36

Rosatom's NovaWind aims to sign first foreign contract this year

MOSCOW. May 10 (Interfax) - JSC NovaWind, the renewable energy division of Russian state nuclear corporation Rosatom, aims to secure its first foreign contract this year, company CEO Grigory Nazarov said.

"For 2023, NovaWind's objective is to close its first contract to supply electric power abroad. Such a contract could call for delivery in 2025-2026, but its signing should become an important milestone meaning that we have assumed obligations, established our presence in the region with a concrete project," Nazarov said in an interview with the journal Vestnik Atomproma.

He said "there are various possibilities for where this objective will be realized," but the company is primarily betting on Vietnam. Other countries where NovaWind sees potential for cooperation are Kazakhstan and Turkey, Nazarov said.

It was reported earlier that Rosatom planned to start exporting wind turbines. Rosatom first deputy CEO Kirill Komarov said the company could "easily go to a large number of foreign markets" with its turbines, and it has a "certain appetite for investing in projects abroad."

NovaWind, which Rosatom founded in September 2017 to consolidate its wind power assets, has a portfolio of wind farm projects with combined capacity of about 1.7 GW to 2027.

Nazarov said in the interview that the company previously planned to reach 1 GW of launched capacity in 2022, but "construction had to be rescheduled," though the delays were "not critical."