Red Wind will be responsible for the marketing, sales, delivery and post-sales support of the turbines, the two companies announced.
Dutch manufacturer Lagerwey will provide "technology and expertise" in 2.5MW and 4.5MW turbines for the JV, and will teach Red Wind’s team how to manufacture the turbines and operate the wind farms.
It will also supply components for the first 60 wind turbines, and train staff at NovaWind’s production sites in Volgodonsk in south west Russia about "contracting and providing qualifications to suppliers".
NovaWind deputy director general Emin Askerov has been appointed CEO of the JV, and Sjoerd Sieburgh Sjoerdsma the managing director, but the rest of the management team has not yet been assembled, the two companies stated.
Huib Morelisse, CEO of Lagerwey said: "This joint venture is a logical continuation in our joint effort building a solid and technologically advanced Russian wind industry.
"Together we form the basis for a new market with a huge potential."
When Rosatom launched SC NovaWind in September, the state energy group announced that its new wind power subsidiary would consolidate all of its "wind energy assets".
NovaWind was given capital backing of approximately RUB 1,101 billion (€15.87 million).
Another of the state energy group’s subsidiaries, Otek, signed a technology licensing agreement with Lagerwey in June, but assigned rights under this agreement to NovaWind.
Rosatom announced that the licensing agreement paved the way for a JV in the future.
"The document reinforces our mutual commitment to the success of the wind energy programme in Russia," Alexander Korchagin, NovaWind CEO said.
"Now I can definitely say that we have all the competencies in place required to launch the Russian wind industry basing on the second-to-none technologies with the strongest team of managers."
Announcing the SC NovaWind-Lagerwey JV, the two companies stated that under the business arrangement VetroSGC, which is owned by Rosatom subsidiary Otek, would "remain an energy utility company and an owner of the wind farms".
VetroSGC was awarded 360MW of capacity in the first Russian auction in June.