Denmark

Denmark

Old Danish hands take on Poland

Two former senior managers at Vestas have entered into an agreement with wind project investor Eurotrust to bring 400 MW of wind power in Poland to fruition. Karl Gustav Nielsen and Anders Amby, who established Agrowind in 2006 shortly after leaving Vestas when Ditlev Engel took the helm, offer engineering and consultancy services. Amby was sales manager at Vestas and Gustav Nielsen was a director of the company, where he worked for 25 years.

The agreement with Eurotrust is restricted to Poland, says Amby. Agrowind will take the 400 MW of projects through development, from gaining authority approvals up to the point of wind turbine installation. Eurotrust's Robert Skjødt adds that the collaboration with Agrowind was chosen because Gustav Nielsen developed the Polish market for Vestas. Once project development is complete and grid access secured, Eurotrust will take them over. The first 100 MW of projects are scheduled to be online in autumn 2010.

Eurotrust currently operates 129 MW in Germany, Spain and Italy and has 57 MW under construction in Poland and Germany. Other projects it was working on have been abandoned, including one in Greece, due to problems with the authorities, although it is continuing with others there. In Bulgaria, political insecurity caused Eurotrust to stop a project and another was abandoned in Germany because of insufficient wind, says Skjødt.

Since being founded in 1987, Eurotrust has changed its name, goals and its owners several times and avoided bankruptcy earlier this year by selling off property assets with a reported value off DKK 2.9 billion (EUR 388.8 million) for DKK 100 million (EUR 13.4 million). Among Eurotrust's owners is Erik Damgaard, who together with his brother sold Danish IT company Navision to Microsoft for DKK 12 billion (EUR 1.6 billion).

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