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Spanish firm Acciona inaugurates 35 MW
1 September 2006
Leading Spanish renewables firm Acciona inaugurated its first wind power plant in Greece last month. The 34.85 MW installation is located on Mount Panachaiko, near the city of Patras, in the northern Peleponnese. It consists of 41 Vestas 850 KW turbines and represents an investment of EUR 41 million. Ownership is split between Acciona (72%) and its Greek partners (28%). Acciona acquired the project when it bought Spanish wind operator Corporación Eólica SA in January. The company plans to add a further 16 units under the name of Panachaiko II, which would bring the total installed capacity to 48.45 MW and make it the largest wind power development in Greece. Even so, the plant is already one of the country's biggest, a point underscored by the presence of Greek development minister Dimitris Sioufas, who oversees national energy policy, alongside Acciona's general manager Esteban Morrás at the inauguration. Worldwide, Acciona has installed or is constructing 164 wind plant totalling over 4500 MW.
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