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Exciting moments: hauling the star of rotor blades.<br />

Lift 1, as well as an accommodation/transformer platform for the Bard<br />

Offshore 1 wind farm. In August, the first five-MW turbine was installed<br />

close to the dyke at Wilhelmshaven. In May 2009, Bard announced that<br />

following the five-MW turbine, a 6.5-MW turbine is now being planned.<br />

In June, the transformer platform was set up in the North Sea and the<br />

<strong>Wind</strong> Lift 1 installation vessel was launched from the Lithuanian shipyard.<br />

“The wind farm will be ready by the end of 2010,” confidently<br />

asserts Anton Baraev, head of Bard Engineering. Bard is planning<br />

wind farms in Europe with a total capacity of up to 3,000 megawatts.<br />

The company employs nearly 1,000 people in northwestern Germany.<br />

Despite this diversity, the offshore manufacturing scene is still relatively<br />

uncluttered. Around 160 wind farms are currently<br />

at various stages of planning in Europe, and there is<br />

much greater variety among investors than among<br />

manufacturers. Other energy companies in addition to<br />

Airtricity, Bard, Blackstone, Enertrag and wpd, energy<br />

utilities are now also planning projects worth hundreds<br />

of millions of euros; RWE, E.ON and EnBW from Germany,<br />

Vattenfall from Sweden, Dong from Denmark and EDF<br />

from France are particularly active. Essent and Nuon in<br />

the Netherlands have now been taken over by RWE and<br />

Vattenfall respectively. Even Masdar, Abu Dhabi’s global cooperative<br />

platform for sustainability, is involved in the London Array project<br />

which is currently the world’s largest planned offshore wind farm.<br />

Large companies like these are not only used to investing money in<br />

the orders of magnitude required offshore in connection with their fossil<br />

fuel power station projects, they are also the ones who, because of<br />

high profits in the energy market and the securities that are available,<br />

have the least worries regarding the financial crisis; following the credit<br />

crunch the banks have tightened their requirements for the equity ratio<br />

from the expected 30 percent to as much as 50 percent at the present<br />

time, while interest rates have also gone up.<br />

“Like winning the lottery”<br />

OffshOre #2 | The Magazine<br />

The wide variety of offshore countries, manufacturers<br />

and investors means that a flood of demand is predicted for<br />

which suppliers are now preparing themselves. The fact that<br />

the European governments’ targets far exceed manufacturers’<br />

capacities also gives manufacturers some certainty.<br />

Take the example of Cuxhaven. Back in 2007, Cuxhaven<br />

Steel Construction (CSC) from the Bard group was set up<br />

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