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13 Sep
11:31

Severstal eyes wind power turbine exports by 2022

Russia’s Severstal has bought a 24.5% stake in WRS Towers from one of its joint venture partners, Rusnano, the steelmaker says. The transaction was closed in September, as a result of which Severstal's share in the joint venture has increased to 49%. The share of another partner, Spanish company Windar Renovables, remains at the same level of 51%. The decision of Rusnano to withdraw from the project was made after the joint venture reached the planned e…
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