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Sunday, March 21

Danish Consortium to Construct Wind Parks in Bulgaria

Updated on: 31.08.2007, 10:43

Published on: 31.08.2007, 10:35

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Author: Olga Yoncheva

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Representatives of a consortium of Scandinavian private investors had talks with the Minister of economy and energy Peter Dimitrov regarding their intentions to invest in a project for wind energy production, informed the press center of the ministry.

The investors commented that their plans include long-term investment in the field of wind energy, infrastructure and real estate construction. Minister Dimitrov has expressed support in principal to the suggestion for a joint venture between the Scandinavian consortium and Bulgaria. The state participation in it will be in the form of consultancy help with the aim to preserve the environment and maintain synchrony with the Bulgarian long term policy in tourism and infrastructure development.

The Scandinavian consortium will take part in the building and the optimization of the infrastructure. It will also support the access to the EBRD financial sources and the Danish producers of wind turbines. The investors' intentions are 35% of the production power for the construction of wind parks to be assembled in Bulgaria, which will give opportunity for the opening of additional work places.

The investments of the Scandinavian consortium in Europe equal so far to 1 bn EUR and are concentrated mainly in renewable energy sources built in Norway, Denmark, Germany, Spain, Poland and Italy.

Minister Dimitrov pointed out that currently in Bulgaria 10 projects in the field of energy are being implemented and each new one will strengthen the competitive environment in the country's energy sector.

The Danish investors said that within a month they would send to Bulgaria their project idea.

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