SOFIA (Bulgaria), March 19 (SeeNews) - German wind park developer Enertrag plans to invest over 1.0 billion euro ($1.3 billion) in the construction of a wind farm at Bulgaria’s northern Black Sea coast, Bulgarian Klasa daily reported on Thursday.
The company will invest 95 million euro in the project this year. The project is to be completed by 2017, Klasa (www.class.bg) quoted the head of the German-Bulgarian Industrial and Trade Chamber in Sofia, Mitko Vasilev, as saying.
The installed capacity of the wind farm is still under discussion, Klasa said.
Austrian power utility EVN and Enertrag jointly started the construction of a 100 million euro wind farm in Kavarna, in northeastern Bulgaria, last year The wind farm would have an installed capacity of 50 megawatts (MW) and a further 30 MW could be added later.