NEG Micon annual report confirms losses

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After a turbulent year, Danish wind turbine maker NEG Micon ended 1999 with an expected loss of DKK 629 million (EUR 84.5 million) on a turnover of DKK 4.70 billion. In its 1999 annual report, released last month, the company says it expects further losses in the first six months of 2000, but will end the year with a profit of DKK 50-100 million. The company says it is devoting "considerable resources" to straightening out the problems that brought the company near collapse, including completion of "problematic projects" in North America (Windpower Monthly, October 1999). The company has used DKK 125 million to develop new turbine types, including a 900 kW unit and an offshore-bound 2 MW unit. Both are expected to be in series production this year. The two-year gear box retrofit and control of 1250 turbines in 16 countries, will begin this month, says managing director Torben Bjerre-Madsen (Windpower Monthly, November 1999). "I can guarantee this will be the world's best-tested gear solution," he says. Since its reorganisation in the autumn, NEG Micon has received orders and entered into framework agreements worth around DKK 2.5 billion.

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