Nordex's New Year's pledge in Viksjö: "Now comes the money"

According to Nordex, the company's objective was that the money should have been paid out before Christmas.

- That was our plan but it has not been possible to arrange as quickly as we wanted, but we are working on this and expect it to happen in the coming banking days, says Timothy Carpenter, CEO of Nordex Sweden.

The message does not mean that the dispute over the Hästkullen wind farm in Viksjö is over. According to Carpenter, there are ongoing negotiations between Nordex and their main contractor on how to resolve the conflict between the two companies. On the other hand, the message means that the subcontractors who have been trapped between the two combats now glimpse a clearing for their own part. There are companies out there with upwards of 30 million in machine and personnel costs that have frozen in during the dispute that started at the construction stop in Viksjö in October.

Furthermore, whether all subcontractors will be paid is unclear. Timothy Carpenter states that it was the goal but that he does not have detailed level information. It has been managed by the company's lawyers and staff on site in Viksjö.

For Nordex, the subcontractors are absolutely crucial for the construction to get started again. These are the ones that build the roads and infrastructure for the 114 wind turbines to be built in the Viksjö area. Several subcontractors have already tired and left the project worth five billion. Three weeks ago, SVT Västernorrland met several companies that packed up to return to Gothenburg and Värmland. They summarized the victory in Viksjö as a "disappointment and a financial disaster".

At the same time, the patience of both the land owner SCA and the client of the wind farm, Nysäter Wind, and their German and Swiss financiers are pushing.

Even if the subcontractors would now receive money in their accounts, the big trouble between Nordex and their own main contractor Active Works is far from over. That conflict culminated when Active Works, recently, first filed for bankruptcy, and later withdrew its bankruptcy application against Nordex Sverige AB.

SVT has been reached by recurring information that Nordex is now trying to get rid of its main contractor in order to find a new partner in Viksjö. Several large Swedish construction companies are mentioned in this context, which Timothy Carpenter does not want to comment on.

- We have ongoing discussions and our goal is simply to get the project back on track. We want to get started again as soon as possible, says Carpenter.