Spain’s Windar Renovables withdraws from JV with Russian Severstal

Business & Economy January 10, 2024, 17:01

According to data of the Russian United State Register of Legal Entities, the 51% stake in Windarseverstal is now held by New Solutions and Technologies company

MOSCOW, January 10. /TASS/. Spain-based Windar Renovables S. L. Withdrew from Windarseverstal, a joint venture with the Russian steelmaker Severstal and the producer of towers for wind turbines.

According to data of the Russian United State Register of Legal Entities, the 51% stake in Windarseverstal is now held by New Solutions and Technologies company. Severstal holds 49% in the joint venture. Relevant changes in the register were made on December 29, 2023.

TASS sent an inquiry to Severstal.

Windarseverstal was established in 2018 in Taganrog.

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