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Denmark

Denmark

Danish property developer in Spain, Poland and Bulgaria

Reinforcing its recent entry into the wind power market, Danish property developer EuroTrust has signed up Vestas to supply 14, 3 MW turbines for its first Spanish wind project, Cortijo de Guerra in Andalucia. Delivery is scheduled to begin in the second half of 2007, with project completion slated for the first half of 2008. Located near the town of Puerto Real in the region of Cadiz, the project is one of four EuroTrust acquired the rights to from German developer WKN Windkraft Nord in December. The other three are a 51 MW project in Poland and two developments totalling 124 MW in Italy. In all, the Danish firm now has the project rights to around 442 MW of capacity, including 44.5 MW of capacity planned in Bulgaria, and is in negotiations for a further 375 MW, which would bring its wind power portfolio to just under 850 MW. For Vestas, the EuroTrust deal is the biggest yet for its 3 MW machine in Spain. Vestas reports Spanish orders for 432 MW to be installed over the next two years, mostly for 2 MW machines. "Vestas is confident Spain will continue being an important and stable market in coming years," says the company's Ebbe Funk.

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