Vestas has announced it will completely withdraw from Russia because of the country’s invasion of Ukraine.
The OEM issued a strongly-worded statement following its Annual General Meeting in Aarhus yesterday.
Vestas said it “condemns the Russian government’s invasion of Ukraine and the atrocities reportedly committed by the Russian army and the growing humanitarian crisis caused by the invasion.”
The statement followed media reports from Bucha, near Kyiv, of the Russian army murdering unarmed civilians as it withdraws from the region.
The next step
The Danish company is Fortum’s preferred turbine supplier for its Russian wind projects, with more than 1GW of contracts, and it has the largest market share in the country.
Following the decision to halt new commercial activity, Vestas said it had reviewed different scenarios, including fulfilling its existing obligations as well as how to ensure an orderly withdrawal from Russia if the war continued.
Standing with Ukraine
In its statement yesterday, Vestas announced it had now decided to withdraw from Russia completely.
The company added: “The withdrawal aims to ensure the safety and livelihood of our employees in Russia as well as safeguard Vestas’ interests through an orderly transfer of our business in compliance with international and local law, which entails certain activities may continue during a transition period.”
The company also expressed its solidarity with Ukraine and added: “Our thoughts go to the people of Ukraine, and we hope we’ll soon see a peaceful resolution.”
The decision came as EU and Western governments prepared to announce a fresh wave of sanctions against Russia, following reports of the atrocities committed in Ukraine.