Germany

Germany

Permit problems put 80 MW project on hold in Italy

Plans for an 80 MW wind station at Chiusano in Italy, 100 kilometres east of Naples, have been put on hold. German company BVT Energie und Umwelttechnik, a developer of alternative power plant, was developing the project with Siemens Nederland. It had hoped to have the station on-line at the end of 2002. "But problems have arisen with construction permits. We are still negotiating," says BVT's Claudia Pregler. "Italy will be a lucrative market. We are looking at other potential projects," she adds. The BVT group markets "closed-end wind funds" in Germany to raise equity for financing wind stations. Raising money for Chiusano would have been its first wind fund for a foreign project. The German wind fund model puts project ownership into the hands of a limited liability company, with private investors participating as limited partners.

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