Portuguese company Galp invests in 72 MW

Portuguese energy company Galp Energia, via its subsidiary Ventivest, is to develop four wind projects with a combined capacity of 72 MW in Venezuela. The company has signed a memorandum of understanding (MoU) with its Venezuelan counterpart, Petróleos da Venezuela (PDVSA), which will see the two work together on the projects. They will be located in the states of La Guajira, Chacopata and Nueva Esparta. The MoU includes a technology transfer commitment on the part of the Portuguese company, which will also provide training and technical assistance to the future operators of the wind plant. The deal is one of five between Galp and PDVSA, which also includes plans in the oil and natural gas sectors.