Bard axes wind foundation arm

Bard turbines with the company's tripod foundations

Germany’s Bard Group showed more signs of unravelling after it made the “inevitable” announcement that Cuxhaven Steel Construction (CSC) – its tripod-foundation subsidiary – will cease production from May.

Bard says it reached “consensus” with its works council last August, but managed to keep the plant afloat for a few months longer due to demand from the company’s troubled flagship Bard Offshore 1 project.

Some 25 CSC workers will be transferred to other Bard companies, while nearly 100 other jobs will be eliminated.

“Unfortunately, and despite intensive efforts, the search for an investor for CSC has remained unsuccessful,” Bard says.

The future of Bard – seemingly growing dimmer by the month – remains a source of intense speculation among many in the offshore wind business.

Bard had sought to become the world’s Log in to read complete article.

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