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Energiekontor starts building wind park in Portugal |
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| GERMANY: October 11, 2001 | ||
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FRANKFURT - German wind park developer Energiekontor said this week it had started building a wind park in Portugal, which will be among the country's biggest and begin operations in the fourth quarter of 2002.
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The firm said in a statement the wind park, called "Trandeiras," would comprise of 14 wind plants, each with 1.3 megawatt capacity, in the mountains north of the harbour town of Porto. It would have total capacity of 18.2 MW and an investment volume of 25 million euros. Energiekontor had already demonstrated an early start and an above-average track record in foreign expansions after a recently completed wind park in Greece had been hooked up to the power grid, analysts WestLB Panmure said. Project developers needed to focus more strongly on foreign markets, as wind power sales in Germany's domestic market were likely to stagnate, they said. Energiekontor has been active in Portugal since 1995.
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REUTERS NEWS SERVICE
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