Flender/Flender Gear Units/Helical gear Reduction Boxes H4
ing major players in other Europeanmarkets. NEG Micon is building up its status as preferred partner for these project developersas,

in addition to the capacity to cope withproject development, the company alsopossesses global market coverage and aglobal network to support

developers. Market Division Spain Appreciable delays in the granting of licencesfor grid connection and transmission were theprinciple reasons why NEG

Micons turnoverfrom the Spanish market failed to reach evenhalf the level forecast for 2. However,these delays were general and affected

alloperators in this market. There can thereforebe no doubt that Spain will rival Germanyand the United States as the largest market in NEG Micon had global market share of approx. 1 per cent in 2. 9the world for wind power in the immediate future. At the start of the new year, NEG Micon received the final licences concerning thetransmission for projects in the provinceof Aragon, with total effect of more than2 MW. The Group owns considerablenumber of development rights in Spain, andtherefore expects this market to develop verypositively in the future. Spain is thus expectedto become an important market for theGroup in years to come. In December 2, NEG Micon concluded contract for the delivery of 1 NM 7/4turbines for two wind farms in the province ofAragon. The total value of this order is aroundDKK 5 million. NEG Micon is well established in the Spanish market, with units or factories in Catalonia,Aragon, Galicia and Madrid. Market Division USA The turnover generated by Market DivisionUSA in 2 was considerably lower than thelevel achieved in 1. There are two mainreasons for this. Following the hectic activity of 1, the American market was marked by hesitancywell into 2. The market is now turningand activity is increasing, supported by theextension of the PTC programme until theend of 2. In addition, customers in the United States were waiting for satisfactory solution tothe problems that came to light incon