Lagerwey and OTEK, a RosAtom subsidiary, have signed an agreement for the licensing of Lagerwey wind turbine technology to OTEK. Under the license agreement OTEK and Lagerwey will be partners in assembling wind turbines for the Russian market and adjacent countries.

The license agreement is the starting point for creating a joint venture between Lagerwey and OTEK, which will be formed this year. Lagerwey will support OTEK in establishing an assembly facility for wind turbines in Russia. The aim is to produce components, including blades, for about 250MW of wind turbine capacity per year at assembly facilities in Volgodonsk. The support from Lagerwey includes training OTEK employees, setting up a local suppliers base (conform the localisation requirements) and the organisation of the assembly process.