Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Denmark

Denmark

Confessions from a crisis

Better late than never, NEG Micon has come clean on both its real financial state and the technical problems which contributed to the economic mess. The company, an influential heavyweight in the world of wind energy, has squeezed enough money out of its shareholders to cover extra expenditure for 1999 of around $80 million. Out of this, about $35 million is being spent on retrofitting gear boxes on well over a thousand wind turbines installed around the world. The straightforward admissions of guilt and the businesslike approach to solving the problems (page 34-37) reveal a totally new style of management at NEG Micon in the person of Torben Bjerre-Madsen (right).

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs