Bulgaria

Bulgaria

Wind Wire: German investment

Family-owned German firm N-vision Energy plans to invest up to EUR140 million to build a wind farm in Bulgaria, totalling around 100 MW in capacity, says Sebastian Noethlichs, the company's managing director.

Land for the project, which is expected to be operational by the end of 2011, has been secured. The municipality of Kyustendil, where the wind farm will be sited, has given its approval to the project. Noethlichs says N-vision is going through the environmental impact assessment process and negotiating with potential wind turbine suppliers. All permits for the project are expected to be secured by the end of next year. N-vision says the wind farm will be the second largest in Bulgaria, behind the recently completed 156 MW facility constructed by American energy group AES on the Black Sea Coast. The project will also be the first in Bulgaria to have a local municipality as a partner - the municipality of Kyustendil is expected to receive total upfront income in the next two years of BGN 3.825 million (EUR2 million), financial resources which will be used to cover the cost of renovating its school. When it is operational, the wind farm is expected to generate an annual average income of more than BGN 1 million (EUR511,273) for the municipality over its lifetime.

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