[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Norwegian project hit by Scanwind turbine write-off  

Credit:  30 April 2013 by Sara Knight, windpowermonthly.com ~~

NTE, a Norwegian small regional energy company, has revealed severe problems with all 13 ScanWind turbines installed at its Hundhammerfjellet R&D onshore project.

A Norwegian source told WPM the issue is in connection with the yaw bearings. A notice released by the Oslo stock exchange on 22 April said all of the turbines have been taken out of service until the facts have been clarified.

“Any repairs will likely involve significant costs. As a result, the value of Hundhammerfjellet Research Park was written down by a further NOK 191 million (EUR 25 million) in 2012 and all ScanWind turbines are valued at zero,” NTE reported.

Overall, the company made a post-tax loss of NOK 157 million (EUR 21 million) in 2012 on revenue of NOK 3116 million (EUR 410 million), in part due to the test wind station and other write-offs, but also as a result of the impact the dramatic fall in wholesale electricity prices had on its electricity generation business.

NTE originally established the Hundhammerfjellet R&D project in partnership with wind turbine supplier ScanWind to establish a Norwegian manufacturer of wind turbines for the international market, said the Oslo stock exchange notice.

ScanWind was sold to GE in 2009. Only one offshore turbine, the GE-4.1 113, followed the acquisition and was installed in Gothenburg harbour. Speaking to Windpower Monthly, former GE VP for renewables Vic Abate said there were no plans to take the turbine into production.

Source:  30 April 2013 by Sara Knight, windpowermonthly.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.