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)
Producing journalism that is worthy of the name is a costly business. For over 30 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.
