Shares nearly sold in offshore plant

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The 40 MW offshore wind energy project planned for the submerged "Middelgrunden" sand bank near Copenhagen in Øresund, the strait between Denmark and Sweden, is well on its way to realisation. On the financial side, 90% of the 40,500 co-operative investment shares needed for half the project have been sold, reports Jens Larsen of developer Middelgrundens Vindmøllelaug (MV). "We're not advertising anymore-we figure the rest of the shares should sell themselves," Larsen says.

Since mid-May, when Denmark lifted all its geographical and quantitative restrictions on wind turbine ownership (Windpower Monthly, June 2000), the number of shares sold has not risen considerably, but a handful of people have bought 200-300 shares in the wind farm, Larsen says. All are from Denmark. The other half of the DKK 350 million project is owned by a local utility, Københavns Belysningsvæsen.

Foundations are currently being cast for the 20, 2 MW Bonus machines, and MV plans to have the first in place on the sand bank in mid-September. To improve safety conditions and cut installation time at sea, MV will mount the lower half of the turbine towers-including transformer and connection device-onto the foundations before shipping them out to the site, Larsen says. MV aims to commission the wind farm by December.

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