Second Wind Farm Concession in Montenegro

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Global Bioenergy Industry News

Tuesday, June 29, 2010

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Second Wind Farm Concession in Montenegro

MONTENEGRO - An Austrian-Japanese consortium of Ivicom Consulting and Mitsubishi Heavy Industries will invest up to 90 million euro to build a wind farm in Montenegro.

The government said it approved a contract with the consortium for 20-year land concession and construction of a 50 megawatt (MW) wind farm in the Krnovo area, in the central municipality of Niksic.

Reve reports that the wind power contract contains an option for an increase in the wind farm's capacity by 22 MW. The whole wind power project cost is estimated at between 70 and 90 million euro.

Mitsubishi, one of the world's leading wind turbines producers, and has 4,124 MW of installed capacity worldwide.

Vienna-based Ivicom Consulting consults big engineering and trading companies in steel production and manufacturing. Across southeast Europe, it has office representatives in Croatia, Montenegro and Turkey.

This is the second wind farm concession Montenegro awards. It hired last month Spain’s Fersa Energias Renovables to build a 65 million euro 46 MW wind farm in the Mozura area close to the Adriatic coast.

TheBioenergySite News Desk