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Too good to let go
1 April 2001
Unit Energy Europe has bought back its 50% stakes in two Greek wind projects, 3.75 MW on Evia and 4.8 MW at Lakonia, Peloponnesos, that it was forced to sell to Danish wind developer Fog Vinenergi in September while putting its finances in order. "We were able to buy back without extra costs the 50% stakes in the planning and permits," reports Unit Energy's Zdenek Lomecky. "We simply had to take advantage of this opportunity. The projects have good wind speeds, are very lucrative thanks to grants already pledged and can be brought on-line swiftly," he says. Now that Unit Energy's financial reconstruction is almost complete, development in Greece is to be pushed forward in co-operation with Danish companies Windpower (formerly Fog Vinenergi) and Global Green Power.
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