PORTUGAL WIND FARM
November 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Investment Bank has decided to lend Portugal's Parques Eólicos Grupo Generg group around Euro 230 million to help it construct and operate 11 grid-connected wind farms, with a total generation capacity of 443 MW. The plants would be sited across Portugal and would cost the company around Euro 460 million in total to set up. In a note on the project, the bank said it was making this substantial loan because the scheme "will support European Union (EU) and national objectives to increase the proportion of electricity consumption ...
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