We are a private partnership formed in May 1997, by the Working Group for wind turbines at Middelgrunden, with the aim to produce electricity through the establishment and management of wind turbines on Middelgrunden shoal.
The Turbine Cooperative is established as a partnership. As a shareholder you own a share corresponding to 1/40500 of the partnership per share you buy.
A partnership (I/S) has jointly liability and several liability. All jointly owned wind turbines in Denmark are organized as partnerships I / S, but it hasn't given any problems with the joint liability.
In practice, risks of joint responsibility in Middelgrunden Wind Turbine Cooperative I / S is minimized by the fact that the cooperative is not being able to contract debt in the partnership. This is ensured in the bylaws, which provides that thepartnership can’t contract debt and that the turbines must be adequately insured.
The prospect is prepared by Middelgrunden Wind Turbine Cooperative and in collaboration with consultants behind the project. Jens H. Larsen from Copenhagen Environment and Energy Office is a liable editor of the material.
The accountant of the Wind Turbine Cooperative is the State-certified Accountant Company Partner Revision.