Bard Offshore 1 not sold

Thursday, 29 November, 2012 - 15:00

SüdWestStrom Windpark GmbH & Co. KG is not going to buy the 400 MW wind farm Bard Offshore 1. Instead, the holding company SüdWestStrom Windpark GmbH & Co. KG and the project company SüdWestStromStadtKraftWerk/WV Offshore GmbH & Co. KG will be dissolved at the end of the year.

"We regret very much that we are not able to buy the wind farm. The delays in construction and the unpredictable risks until it is completed led to this decision", said Bettina Morlok, Managing Director at SüdWestStrom. The decision to pull out was made by the representatives of the 65 participating companies on 20th November at a company meeting in Stuttgart.

SüdWestStrom Windpark GmbH & Co. KG was founded in 2009 in order to take over the wind farm. The purchase decision was made in 2010. Originally, it was planned to complete Bard Offshore 1 in 2011. Now, however, it is expected to be completed at the end of 2013. It is being developed and constructed by the Bard Group.

The wind farm is located around 90 km north-west of the island of Borkum. When it is finished, it will have over 80 wind turbines and a total installed capacity of 400 MW. Since 3rd December 2010, the first turbines have been supplying electricity to the German grid.

Katharina Garus

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