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
company
was
forced
to
close
its
Emden
blade
factory
because
of
a
lack
of
orders
after
the
Bard
1
units
had
been
produced,
and
its
planned
6.5MW…
