Bankruptcy and new ownership

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A new company will be founded to take over the wind energy activities of German shipbuilder Husumer Schiffswerft (HSW), which applied for bankruptcy at the Husum local court on November 30. "Already several companies have expressed interest in investing in the new company, and one of these we particularly favour," says Klaus Nielsen of HSW. An official announcement on the new ownership structure will be made this month, he adds.

The new wind firm will continue business as usual, Nielsen says. While HSW's shipbuilding and repair branches have not had any new projects in nearly a year, the wind energy sector has operated profitably.

In 1999 HSW installed 28, HSW 1 MW machines and it expects to sell 40 or 50 this year -- ten of them for a site on the Polish Baltic coast in the spring. The new HSW will also be marketing the MD70 1.5 MW turbine, which it will build under licence from German Pro and Pro (Windpower Monthly, December 1999). "We expect to install at least ten MD70 machines next year," Nielsen says. Participation in two offshore projects will continue, adds Nielsen. One is a 500 MW plant using multi-megawatt turbines in the North Sea. HSW is part of a working group, along with DeWind Technik and Jacobs Energie, to develop and produce a prototype 4-5 MW machine for the Winkra Energie project.

In the second offshore venture, HSW is one of three turbine manufacturers involved in a ten member working group with plans for a 100 MW plant in the Bay of Lübeck dubbed SKY 2000 (Windpower Monthly, October 1999).

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