German Company Invests EUR 75 M in Bulgarian Wind Park

Business » ENERGY | December 26, 2010, Sunday // 18:07
Bulgaria: German Company Invests EUR 75 M in Bulgarian Wind Park SPV director Hans Schulz receiving a "Class-A" investment certificate for the Lozenetz wind park of IWC Bulgaria 4 by Minister of Economy and Energy Traicho Traikov. Photo by BGNES

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.

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Tags: investment, wind park, wind farm, wind energy, Shumen, Siemens, IWC
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