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Denmark

Denmark

Nordtank and Thyssen strengthen bond

With an eye to supplying turnkey wind projects to export markets, Nordtank Energy Group has renewed its marketing co-operation with the international Thyssen group. The Danish wind turbine manufacturer and German trade and finance house have in the past developed wind farms together in Ireland, Britain and Spain, but have not co-operated on projects in recent months. At the end of January, however, the two companies signed a formal co-operation agreement in Copenhagen. Thyssen will represent Nordtank in a series of export markets and together they will develop wind farm projects "in selected areas of Europe and abroad. In particular, the parties agree to co-operate in the fields of turnkey supply, financial engineering, equity placement and equity partnership on a case by case basis," states Nordtank. The company's share price, which fell after a disappointing half yearly result, rallied at the Thyssen news and has risen by 20% in two months.

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