Wind Energy – Russia
Danish wind turbine maker Vestas said at its annual general meeting that it would withdraw from Russia, where the firm has two factories.
“When we withdraw from Russia, we pull out of both customer activities and other activities we have in factories and elsewhere,” chief executive Henrik Andersen said in a recent speech.
Vestas has stopped new commercial activities in Russia and said it would halt its four wind farm projects under development in the country as a consequence of Moscow’s invasion of Ukraine.
Vestas has installed around 1 gigawatts of wind energy capacity in Russia, Andersen said, and only has Finnish utility company Fortum as a client there.
The company would continue discussions with Fortum concerning future ownership and maintenance, he added.