The arbitration court approved the settlement agreement between El5-Energo and Siemens Gamesa for 23 billion rubles

The Arbitration Court of the Murmansk Region approved a settlement agreement on a lawsuit from Enel Rus Wind Kola (a subsidiary of El5-Energo) for 22.9 billion rubles. to the manufacturer of wind turbines Siemens Gamesa. This is stated in file cabinet court. Details of the agreement have not yet been made public.

Interfax, citing the press service of the court, writes that the parties agreed to consider the contract for the supply of turbines dated December 5, 2018 terminated from May 31, 2022. The parties are balancing mutual claims, and Siemens Gamesa is also transferring its property in Russia to Enel Rus Wind Kola to continue work at the Kola Wind Power Plant (WPP).

In August 2022 Enel Rus Wind Cola filed a lawsuit against Siemens Gamesa demanding to recover 22.9 billion rubles from it. The Russian company also insisted that the court invalidate Siemens Gamesa’s unilateral refusal to supply equipment for the Kola wind farm and recover damages from it.

The commissioning of the Kola wind farm was originally scheduled for the end of 2021, then it was repeatedly postponed. In December 2022, the Kola WPP began supplying electricity and capacity to the Russian wholesale electricity and capacity market. The second stage of the WPP should be put into operation in the first quarter of 2023.

Olesya Pavlenko