Swiss Energy Firm Invests $100M In Bulgarian Wind Farm

Feb 17 2009 | 1:10am ET

Vetrocom Limited, a subsidiary of the Swiss energy group Alpiq Holding Ltd, will invest about EUR 80 million ($102 million) over two years in a wind farm near the Bulgarian city of Kazanlak.

The wind farm, with total capacity of 50MW, will be equipped with 20, 25MW wind turbines from the German manufacturer Fuhrländer. Construction on the project is scheduled to begin in spring 2009, and the facility should launch operations at the end of 2010.

The project is expected to create 100 permanent and temporary jobs. The Bulgarian wind farm investment is part of Alpiq’s strategy to increase the share of renewable energy in its energy production.

Alpiq, established in early 2009 through the merger of Atel and EOS, employs over 10,000 people in 29 countries in Europe. The company specializes in electricity generation and transmission, sales, trading and energy services.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...