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German Company Invests EUR 75 M in Bulgarian Wind Park
1 min read Renewable Energy Source: Novinite
From our news archive: this article was published in December 2010. Figures and rules may have changed since.
Bulgarian company IWC Bulgaria 4 owned by German Innovative Wind Concepts is planning a new wind park in the northeastern part of the country near the city of Shumen.
The park located by the Krasen Dol village will include 21 wind generators, at 2-3 MW each. The yearly turnout of energy is expected to be over 100,000 MWh.
The wind energy facility, which is expected to start working in 2013, will cost some BGN 150 M.
The Ministry of Economy and Energy has issued a "Class-A" grading of the investment. This is IWC's second "Class-A" investment, the first being again a wind park - the 140 MW Lozenetz facility in Dobrich region
Innovative Wind Concepts, which owns IWC Bulgaria 4, is a joint venture of WKN Windkraft Nord AG and Siemens Project Ventures GmbH.
Originally published by Novinite.
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