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with the Folkecenter engineers. We also started developing
alternative blades made of wood, and finally we decided to work on
entering the US market.
Figure 11.7
A 200 kW Vind-Syssel wind turbine with wooden blades.
Maybe it was because we had too many activities at the same
time, and maybe we could have done many things diferently,
but after two years we ran out of capital like most other WTG
manufacturers, and the company went bankrupt. When we knew
which way the wind was blowing, we managed to reconstruct
in advance by isolating the assets in a new company, owned by
the old one (in Denmark called the Hafnia reconstruction model,
named after reconstructing a major Danish insurance company).
So when the bankruptcy became unavoidable, we were able to
keep the concept and idea alive, but only for a short time, unless we
succeeded in finding some new capital.
One day by coincidence I met B. O. Jørgensen. He was in charge
of attracting new business entities to the Hobro Commune. He
claimed to be able to find local investment capital, but on the
condition that we would move all our activities to Hobro. After a
lot of negotiations, including a major support by Olaf Erichsen (the
agent for the gearbox suppliers), some five local investors agreed
to participate. The company was now moved to Hobro, where we
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