Gold prices are set to…
The European Commission has released…
Germany’s ambitious renewable energy plans continue to progress as the German company juwi has signed a contract to form a joint venture with the Austrian electric utility Verbund AG, also heavily involved in renewable energy sources.
Matthias Willenbacher, the CEO of juwi, said that Verbund “is fully committed to renewable energy and already generates 90 percent of its electricity from renewable sources.” It provides a good partner for large scale renewable energy projects.
The two companies will cooperate on the development of major wind farms in the in Rhineland-Palatinate, which includes projects in Ellern, Seibersbach, Dörrebach and Dichtelbach (in the Hunsrück) and in Stetten.
The wind farms will contain a total of 21 wind turbines with a total capacity of 86.1 megawatts. Installation of the units is expected to begin from the end of 2012 up until the middle of 2013. Five of the 21 turbines will be the 7.5MW Enercon E-126, the most powerful turbine currently available on the international market. Juwi claim that just one of the turbines has the capacity to supply 5000 households.
Wolfgang Anzengruber, the CEO of the Austrian electric utility, said that “the purchase of this wind farm portfolio is a strategic move for Verbund. Germany is one of our key target markets for the future.”
By. Joao Peixe of Oilprice.com
Joao is a writer for Oilprice.com