The decision by the state’s committee on state credits risks jeopardising a contract under which Nordseewerke is to build 40 tripod foundations by next May for Windreich’s Global Tech 1 offshore station.
A meeting took place last night between Lower Saxony’s leaders and Nordseewerke to discuss the problem, but no solution was found. A further meeting is planned for Friday.
State finance minister, Hartmut Moellring, announced last week that Lower Saxony would provide no further loan guarantees to Norseewerke, making it impossible for development bank, NordLB, to extend the company any more credit.