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Spanish firm CEHN enters UK market with plans for 500 MW
1 February 2004
Spanish renewables group Corporacion Energía Hidroeléctrica de Navarra (CEHN) is to enter the UK renewables market with plans to invest EUR 500 million in Britain -- mostly in wind -- over the next five years. It expects to install 500 MW of wind capacity, build manufacturing plants, and develop projects in other renewables such as biomass, biofuels and hydrogen. The group, which already has a presence in Newport, south Wales, expects to establish its UK headquarters there. CEHN says it wants to implement renewables projects in Britain as it has done in Navarra, where 45% of electricity consumption is based on wind and where CEHN employs 2000 people in turbine assembly and installation. The aim, says CEHN, is to help Wales become a major player in the development of a sustainable energy model. The company declines to be specific on its wind development plans and will not say if it is also looking at the offshore market. It operates 440 MW of renewables and has jointly developed 1500 MW of wind plant, mainly in Spain.
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