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Engineering company ups its stakes in biggest project
1 June 2007
Portuguese civil engineering and public works company Domingos da Silva Teixeira (DST) has increased its stake in the Ventominho-Energias Renováveis consortium, which is developing Europe's largest wind park, Alto Minho. The project, of around 120, 2 MW turbines, will be spread across five wind farms at Picos, Alto do Corisco, Santo António, Mondoiro-Bustavada and Picoto-S.Silvestre. DST paid EUR 20 million for the 15% held by the municipalities of Monção, Melgaço, Paredes de Coura and Valença, taking its total share in Ventominho-Energias Renováveis to 25.63%. The other shareholders are Siif (42.5%) and Finerge (31.87%). "With the acquisition of these assets, DST gains the critical mass to continue investing in the wind sector, including foreign markets, as well as becoming one of the top ten companies of the sector in Portugal," says DST's José Teixeira. The company is already looking at markets such as Hungary and Poland for future investment.
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