Bard’s hopelessly overambitious business model has unravelled over the past 18 months. It is likely to finally complete its 400MW Bard Offshore 1 project at the end of 2012, but only after years of setbacks.
Bard is in no position to carry out further development projects, and it has also lost the turbine contracts it had in the Netherlands to rival manufacturer Siemens.
The
