UK-registered Euro Investments Group To Invest 360 Mln Euro in Wind, Solar Parks in Macedonia - Media
SKOPJE (Macedonia), July 24 (SeeNews) – Euro Investments Group (EIG), a UK-registered corporation focused on renewable energy, plans to build wind and solar parks in Macedonia under a project worth 360 million euro ($564.5 million), Macedonian media reported on Thursday.
Initially, EIG plans to build 90 wind turbines with up to two megawatt (MW) capacity each in the eastern town of Sveti Nikole, Total daily reported. Installation works are scheduled to start in six months. The daily did not give a timeframe for the completion of the project.
The company's CEO David Brown was not available for comment.
In the second stage of the project EIG plans to install solar systems. No further details were available.
The company is active in eastern Europe, Africa and Latin America.
EIG (www.eigrenewables.com) is implementing a 600MW power purchasing agreeemnt (PPA) with Polish Polonergia pipeline of wind farm projects. It has a joint venture development of 75 MW wind farm with Romanian Rompetrol and develops a 16MW biomass plant in Romania.