Austrian, Hungarian investors start building €12 mln wind park

Conferences

Austrian Wind Power, a wholly-owned unit of BEWAG, and two private Hungarian individuals, laid the cornerstone for a €12 million wind farm in the village of Jánossomorja, near Hungary’s border with Austria, on Wednesday.

The investors will erect four, 2MW Vestas V90 wind-powered turbines, said Imre Litresits, managing director of project company Renerwind Energetika. The turbines will generate an annual 17,000-20,000MW of electricity, or enough for 6,000-8,000 homes. Ferenc Csatai, one of the owners of Renerwind, said the investors expect to recoup their investment within ten years. Austrian Wind Power owns 74% of Renerwind. Csatai and another private Hungarian investor each own 13% of the company. (MTI-Econews)

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.