"It is an unusually good deal," says Klaus Helmersen, owner of St Frederisklund Group, who is estimated to be the world's largest private owner of wind projects, worth a total of DKK 750 million. "It is almost like buying a fairly good bond -- and then it's good for the environment as well." Helmersen is known in Denmark as a clothing tycoon through the brand Carli Gry, of which he is part owner, as well as his many properties that include the national Danish radio and television buildings.
Utgrunden, with seven 1.5 MW turbines made by Enron's German facility, is located in Kalmar Strait, eight kilometres from the southern tip of Öland island (Windpower Monthly, January 2001). Sweden's minister of industrial affairs, Björn Rosengren, christened the project in a floating ceremony in March.