Wind wire: Concession agreement

A consortium comprising Spanish firm Preneal Internacional (60%) and Greece's Alpha Grissin Power (40%) has secured a 30-year land concession agreement for a planned 111 MW wind farm in the region of Karnobat in central Bulgaria.

It expects to receive all necessary licenses for the EUR155 million project by the end of the year. German lender Deutsche Bank owns a 10% stake in Preneal Internacional through its investment banking unit. Deutsche Bank also has a joint venture with Alpha Grissin. That joint venture has submitted six applications for wind farms totalling 150 MW in Peloponnesus, Greece.