The planned 240 MW Alto Minho I wind project, described by its backer, VentoMinho, as "the biggest in Europe," was officially unveiled last month. To be located in the region of Vale do Minho, it will feature 120, 2 MW turbines across five clusters and a substation to connect it to the grid. It will take two years to build. VentoMinho is 85% controlled by Empreendimentos Eólicos do Vale do Minho and 15% by the town councils of Paredes de Coura, Valença, Monção and Melgaço. When operational, the EUR 343 million development is expected to produce 667 GWh a year. Caixa Geral de Depósitos, Millennium bcp and Barclays Bank are the banks involved.