The planned JV is to set up production facilities for wind turbine components for the Russian market and will also be responsible for sales and service of Siemens wind turbines in Russia and other countries.
Rene Umlauft, CEO of renewable energy division at Siemens, said: “This strategic partnership will put us out front on the highly-promising market for renewable energy in Russia.
“In the coming five years, we intend to install wind turbines with a total capacity of 250MW to 500MW per year.”
Siemens said that with this JV in Russia, it is pushing ahead with the regionalization of the manufacturing network on important markets. In the current year, the company will bring three further factories for production of wind turbine components on line in the US and China. Other production facilities are planned for India and Great Britain.
