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NovaWind is Rosatom's new division concentrating efforts of the Russian nuclear corporation in advanced areas of the energy generation technology. The company was founded in September 2017 and has an authorised capital of RUB 1,101 million. NovaWind has consolidated all of Rosatom's wind energy assets to take on the responsibility for its wind generation strategy. To achieve this ambitious goal, the company has acquired a range of totally new competencies comprising wind farm management, serial production of wind turbines, product development, marketing and sales, and after-sales support.

WindSGC, one of the companies managed by NovaWind, has been in charge of building and operating 660 MW of new wind generation capacity since 2016. On 20 February 2018, Gazprombank's subsidiary GPB-VetroGeneratsia acquired a 49.5% stake in WindSGC and, respectively, in the wind energy projects it operates. Russian nuclear corporation Rosatom retained a controlling majority stake in WindSGC. With the ownership structure changed, WindSGC continues to be responsible for the design and construction of wind farms and wind energy generation.

WindSGC-2 is responsible for the delivery of wind energy projects with a total capacity of about 1 GW. The projects were selected following a series of government-organised tenders for renewable generation facilities in 2017–2021.

The total portfolio of NovaWind is now about 1.7 GW, which confirms the company's position as one of the leaders in the wind energy industry in Russia.

NovaWind holds a stake in a joint company with Dutch technology vendor Lagerwey. Founded in 2017, Dutch-Russian company Red Wind B.V. offers turnkey wind energy solutions and manufactures wind turbine parts and components at a plant in Volgodonsk. Its production capacity is about 120 wind turbines per year. In the future, the plant's products will be supplied to new wind farms constructed by the company or third parties.

Lagerwey transferred its 2.5 MW and 4.5 MW wind turbine production technology to the Russian partner and shared its expertise in the construction of wind farms. The Dutch company assisted Red Wind B.V. in staff training for the production of wind turbines and operation of wind farms. Lagerwey also supplied parts and components for the first 60 wind turbines.

On 14 February 2019, the Russian Ministry of Industry and Trade, NovaWind and Red Wind B.V. signed a special investment contract to establish a wind turbine assembly plant in Volgodonsk (Rostov Region) as part of the 610 MW Wind Farm and Wind Turbine Plant Construction Project. At present, the plant in Volgodonsk is in full operation. It has created over 270 new jobs in production, engineering and administration.