US energy firm AES will take part in a 170-million-euro ($216.1 million) wind power park project on the Bulgarian Black Sea coast, the company said yesterday.
The 120 megawatt park near the Black Sea town of Kavarna is a joint venture with German-Bulgarian firm Geo Power, in which AES will have a minority stake.
“We hope the wind park becomes operational sometime in 2008,” an AES spokeswoman said.
The company did not say how much its involvement was worth. The energy produced from the park is expected to save some 250,000 to 280,000 tons of greenhouse gas emissions per year, AES said.
AES has also launched the construction of a $1.4 billion coal-fired power plant, the country’s largest investment since the 1989 fall of communism.
(Reuters)