1. Greentech's activities cover three phases: Project development, construction of wind energy projects, and operation of wind energy projects.
2. The project development stage includes wind energy projects, which are in the process of being developed.
3. These projects are developed in-house from the greenfield stage to operational projects.
4. The development phase includes obtaining land lease agreements, measurement of wind, licenses from different official departments, financing of the project etc.
5. The projects included by the project development stage have to go through five steps in order to be fully operational.
6. Wind measurements
* Once a suitable site for a potential wind farm has been located, Greentech commences measuring and collecting wind data.
* Measurement of wind is performed by erection of a wind mast in the expected height of the wind turbine.
* Greentech has a procedure according to which wind conditions should be monitored for at least one year, often supported by wind data generated by reference measuring stations over a longer period.
7. Land lease
* To ensure the right to construct and operate a wind farm at the preferred location, Greentech or a collaboration partner engage the landowners to negotiate a land lease agreement.
* The land lease agreement is normally for a 20 years period and payments are either a fixed amount pr. turbine or a percentage of the revenue, where payments commence once the wind farm is in operation.
8. Authority permits
* In order to construct and operate a wind energy project, Greentech must obtain permits from various national, regional and local authorities.
* The large number of administrative entities involved can make the process of obtaining these permits long and complex.
* Greentech has estimated that the procedure to obtain all permits has a time range of 1 - 4 years.
9. Construction
* This phase includes: engineering design and construction management work;
* Earthwork and civil engineering (including preparation of the foundations for the turbine masts and preparing the access roads);
* The electrical work (i.e. laying the necessary cabling and installation of the transformer station to access the local electrical grid);
* And, finally, the installation of the technical components of the wind energy projects (i.e. the masts, turbines and rotor blades).
10. Operation
* Following completion of construction, the wind energy project is commissioned into operation and will be operated by an operation and maintenance subcontractor, often the manufacturer of the turbines. * The life of a wind energy project is generally assumed to be 20 years, in accordance with the expected useful life of a turbine.