Wison New Energies
LeaveRussia detail: Scaling Back
Wison New Energies, a leading provider of clean energy technology service and solutions, is committed to providing the energy industry with new technologies.
Business in Russia
Chinese shipyard Wison New Energies has signed an agreement with the local government of Qidong City, China, to invest and build a new facility in the Lushi Port Economic Development Zone. The move follows a recent decision to exit Russia-related projects and sell its Zhoushan city facility, which was focused on Russian projects, to avoid possible US sanctions.
Decision trail
Decision date 21/06/2024 · Reference ↗
One of the main technological partners of NOVATEK (MOEX: NVTK) - the Chinese Wison New Energies - stops working in the Russian Federation. The company is one of the manufacturers of modules for the Arctic LNG-2 project and should help NOVATEK with the construction of an onshore power station for the LNG plant under construction. The plans of Wison New Energies may also affect its subsidiary Wison (Nantong) Heavy Industry, from which Rosatom ordered the construction of buildings for the floating power units of the Baimsky Mining and Processing Plant. In March 2024, Chinese gas liquefaction plant manufacturer Wison New Energies shipped two units it produced for the third stage of Arctic LNG 2.
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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