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Frisia files for bankruptcy
1 February 2002
Bankruptcy proceedings are underway at Frisia Windkraftanlagen Produktion in Germany, a turbine manufacturer owned by the Nevag Group. "Technical problems with both Frisia's turbine types led to losses adding up to millions," says the company's Dirk Nevag. "After a change of management in summer 2001 we did our best to rescue the company with its 60 employees. But the technical and financial burdens were too large, and the 750 kW and 850 kW machines are outdated in a market dominated by megawatt size machines," according to Richard van Egdom on Nevag's board. Some of the employees will be taken on by a services and maintenance company. Frisia managed to install 94 turbines of its own design and about 100 Danish turbines from WindWorld and Micon before it was refounded in 1997. Nevag says the demise of its turbine manufacturing arm does not affect its other wind activities. Its project development arm, Enersys, has about 300 MW underway and expects to install 40-50 MW this year, says Enersys' Hartmut Brösamle.
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