Severstal joins the Renewable Energy Development Association

PJSC Severstal joined the Renewable Energy Development Association. ARVE is a non-profit organization representing the interests of participants in the renewable energy sector in Russia and leading activities to stimulate investment and promote the use of renewable energy in the country. The Association brings together a wide range of stakeholders, including generation companies, renewable energy project developers, equipment manufacturers and suppliers, research centers and financial institutions, to jointly ensure the formation of a reliable institutional environment and an effective infrastructure for investment flows. to the renewable energy sector.

Severstal pays close attention to the development of technologies for the renewable energy sector. Since 2014, the company's metal center in Kolpino (SMC-Kolpino) has been producing and supplying steel billets for the construction of wind turbine towers. For the production of products, SMTs-Kolpino uses rolled metal from the mill 5000 of the sheet-rolling shop (LPK) of Severstal pipes (the LKP is located at the same industrial site as SMTs-Kolpino).

In December 2018, Severstal, together with the management company RUSNANO and Windar Renovables SL, opened the VRS Tower LLC plant in Taganrog, Rostov Region. The plant was built as part of the state program for the development of renewable energy, which provides for the localization of equipment for the use of renewable energy sources and the creation of a new high-tech energy sector. The joint venture became the first manufacturer of towers for wind power plants in Russia. At the first stage, the total investment in the project will be over 750 million rubles.