Croatia's Dalekovod To Build 9.2 MW Wind Farm, To Get Two More Wind Power Projects Funding-ready in 2010
Croatian power transmission equipment maker Dalekovod said it has signed a project financing contract with local lender Societe Generale Splitska Banka for a 16.2 million euro ($22.1 million) wind farm.
Dalekovod plans to have at least two more wind farm projects ready for financing this year, the company said in a filing with the Zagreb Stock Exchange (ZSE) on Tuesday, giving no further details.
“Dalekovod participates [in the project] as investor and contractor for electrical works, the value of which electrical works for this project is 1.05 million euro,” the statement said.
It was not immediately clear how much own funds Dalekovod is investing in the project.
The combined installed capacity of the wind farm, to be located in the Gracac area, in southern Croatia, will be 9.2 MW while the expected production is 26 million kilowatthours per year.
This is the first of many Dalekovod renewable energy projects in preparation phase, the company said.
The wind farm, employing Siemens wind turbine technology, should be completed by the end of the year.
Dalekovod, part of the 24-share benchmark CROBEX index of the ZSE, was trading down 1.85% at 336.50 kuna ($63.2/46.3 euro) by 1338 GMT on Wednesday.