Siemens to build wind farm in Bulgaria
BULGARIA - A joint venture of German electrical and engineering group Siemens will invest 440 million levs US $297.7 million to build a 140 megawatt wind power farm in Bulgaria, the energy ministry said.
Innovative Wind Concepts, a joint venture between Siemens financial arm SPV and German wind park operator Windkraft Nord, will install 59 wind turbines in northeastern Bulgaria, near the Black Sea coast by the beginning of 2013.
The annual power production from the park is estimated at 350,000 MWh, the ministry said.
Wind park projects in Bulgaria have mushroomed over the past several years as investors took advantage of general incentives schemes for power produced from renewable energy sources.
The investor bonanza forced the Balkan country to tighten rules for new plants and proposed a ban to build solar and wind energy farms on arable land over fears that the renewable energy boom can cause grid instability and increase energy prices.
Related News
Gaza’s sole electricity plant shuts down after running out of fuel
GAZA - The only electricity plant in the Gaza Strip shut down yesterday after running out of fuel banned from entering the besieged enclave by the Israeli occupation, Gaza Electricity Distribution Company announced.
“The power plant has shut down completely,” the company said in a brief statement.
Israel banned fuel imports into Gaza as part of punitive measures over the launching incendiary balloons from the Strip.
On Sunday, GEDCO warned that the industrial fuel for the electricity plant would run out on Tuesday morning.
Since 2007, the Gaza Strip suffered under a crippling Israeli blockade that has deprived its roughly two million inhabitants of…
