Wind World reconstructed

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Wind World has been reconstructed as a new company. The production rights to Wind World turbines were last month sold to a newly formed company, Wind World of 1997 A/S, along with the old company's existing orders and stockpiles. Behind the new company are Wind World's previous owner, Lars Olsen, investment company Frandsen & Kragh-Nielsen A/S, Environmental Development A/S, and two of the company directors, Jannik Falkenberg and Vagn Christensen. Together they have injected DKK 47 million into Wind World, long rumoured to be in financial difficulty. Prior to this deal, two other wind companies were in the frame as potential purchasers of Wind World: Zond of California and the Danish Vestfrost concern, owner of Wincony. Falkenberg is Wind World's new director. He assures that Wind World of 1997 A/S has also taken over all guarantee obligations towards existing owners of Wind World turbines and is working towards also taking over the old company's insurance packages. "Our aim is to offer customers the same rights they have had until now," says Falkenberg. The former Wind World's part ownership of Genvind A/S has not been taken over by the new Wind World. Genvind has also parted company with Environmental Development A/S and Finans Nord A/S during its reconstruction under the sole ownership of its founder, Sven Irgens Møller. The former Genvind owners have written off DKK 3 million in the company.

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