Austrian power utility EVN said on Thursday it has teamed up with Germany’s Enetrag to build a 50 megawatt wind farm at Bulgaria’s Black Sea coast for an estimated €100 million ($131.3 million).
Austria’s second biggest utility which will hold 70% in the project said in a statement the farm will become operational at the end 2009 and will be expanded later to 80MW. EVN has said it plans to spend about €200 million ($263.8 million) in the next several years to build wind farms in Bulgaria, Macedonia and Romania and boost the power it produces from renewable sources to one third from 20% at present.
Bulgaria, which generates more than 50% of its energy from coal, has to increase its share of power generated from wind and hydro power stations to 16% by 2020 under targets agreed by the European Union. At present only 7.7% of the produced power comes from renewable sources. (Reuters)