Goldwind aims at Russian market

RUSSIA: Goldwind is seeking to estabish turbine and blade manufacturing facilities in Russia, according to a statement from the company.

The Goldwind 1.5MW turbine
The Goldwind 1.5MW turbine

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According to Goldwind senior project-manager Chrissy Key the plan may be implemented independently or with a Russian partner. It is believed the company plans to start construction works in spring of 2015.

However, a Goldwind company spokesman later said that while the company was actively looking at Russia, it was still working on a timetable.

In terms of joint venture partners, one possibility could be E4 Group, one of Russia's largest energy engineering companies.

The capacity of each turbine will be started from 1MW, meaning it is likely Goldwind would produce its 1.5MW turbine.

Goldwind is not the only single Chinese manufacturer to express an interest in Russia. Similar plans have been announced by other Chinese companies, in particular Dongfang Electric Corporation (DEC) and Xian Electric Engineering.

A number of European manufacturers are also believed to be looking at Russia, including Siemens and Vestas. However, the country's stringent local sourcing rules have had a negative effect on investors.

The government had previously set a requirement that 55% of components had to be made domestically, rising to 65% in 2016-2020. However, may now set to be reduced to 36% and 49% respectively.

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