| Wind Watch is a registered educational charity, founded in 2005. |
Greek Alpha Grissin to build 400MW wind park in Bulgaria
Translate: FROM English | TO English
Translate: FROM English | TO English
Greek energy company Alpha Grissin Infotech has unveiled plans to build a 400MW wind park in Bulgaria in what would be a 400 million euro investment, Greek media quoted the company’s CEO Vassilis Grissin as saying.
Construction works are due to begin this year.
Grissin declined to give more details on the project.
The company is already present in Bulgaria with a portfolio of residential and office buildings with combined floorage of 145 000 sq m. The company plans to divest its entire property business by 2011 in what should bring a net profit of 40.8 million euro.
Last year Alpha Grissin Infotech and Germany’s Deutsche Bank formed a joint venture named Deutsche Aeolia. The new company, which focuses on renewable energy resources, currently develops three projects with total installed capacity of 52 MW, worth 65 million euro.
Currently, the joint venture is preparing the launch of a fourth park with capacity of 120MW and worth 150 million euro.
Apart from Bulgaria, the company plans to expand to Romania, Ukraine and Egypt. In Bulgaria, it is already present through its property business.
Elena Koinova
26 May 2008
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=53323 ]
