The first wind farm in Spain's south-eastern region of Valencia will start generating at the end of this month. Completion of the plant marks the culmination of the first phase of a wind project in the district of Bunol of four 700 kW machines and an investment of around ESP 450 million (i2.7 million). The two phase project, approved by the Bunol Town Hall in April, has been built by a conglomerate of local companies called Aciloe. The town hall will receive ESP 713 million (i4.3 million) from Aciloe over the next 49 years for use of municipal land. The second phase, expected to begin in the spring, involves a further 36, 700 kW units. This will bring total investment to ESP 5 billion (i30 million). The complete installation of Bunol's nominal capacity of 28 MW is scheduled for September 2000. Bunol does not fall within any of the four areas pinpointed by the Valencian government for wind development, due to the municipality's allegedly inadequate results in the regional wind mapping project. Aciloe's own studies, however, were more positive.