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Electrabel buys two wind farms in Portugal for 93.5 mln eur


Published :
Wed, 14 Nov 2007 08:40
By : Agencies
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BRUSSELS (Thomson Financial) - Suez's Belgian subsidiary Electrabel said it has bought two wind farms in Portugal for 93.5 mln eur from Spanish wind farms designer and builder Gamesa.

Electrabel has acquired a 38 MW wind farm in Mourisca, south east of Oporto, and a 26 MW farm in Fafe, in the north of the country.

The Mourisca farm is already in operation and can generate 91 GWh annually.

The Fafe farm --Fafe II -- is Electrabel's second in the area. It is under construction and will generate 58 GWh per year. The farm should start up in the summer of 2008.

nina.chestney@thomson.com

nc/sal

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Copyright Thomson Financial News Limited 2007. All rights reserved.

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