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German developer sells Sicily project
1 October 2008
German wind energy developer WKN Windkraft Nord has sold a fully-authorised, 58 MW wind farm project on the island of Sicily to M&A Rinnovabili, a unit of Italian developer and wind farm operator Moncada Energy Group. Moncada says it is investing EUR 116 million in the Rocca Rossa wind farm, which will stretch over land in the town jurisdictions of Cammarata, Vallelunga, Pratameno and Castronovo. The wind farm will be made up of 29 turbines with a rated capacity of 2 MW and should be completed by end-2009. The turbine supplier has yet to be selected, says Moncada's Alessandra Montana. Moncada intends to build a further 68 MW of wind power capacity in an adjacent area, with a EUR 136 million price tag. Windkraft last year sold a 72 MW project it had developed in Francofonte, also in Sicily, to German investor Allianz. Windkraft's Mario Presti says the company has other projects in the authorisation pipeline in Sicily and other southern Italian regions, including Apulia, Calabria and Basilicata. Some of these should be ready for construction by 2010.
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