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New wind projects in Spain

It is a good start into 2010 for GreenEnergyWorld regarding the Spanish market. Two new projects have been acquired for sale and added to the project portfolio in the first month of the year. GreenEnergyWorld is now in the process of selecting suitable investors for the purchase of the project offers. The first project is a single turbine of the 2 MW class. The turbine has obtained all permits and is ready to be build, representing a good investment opportunity for private investors. The second project is a 10 MW wind farm in early development stage in Spain, which can be acquired in the present stage. First talks have been initiated with interested clients for both projects.

In general, the Spanish wind energy market is waiting impatiently for a new regulation and compensation system that replaces the current one. Despite the uncertainty in the last quarter of 2009, compensation will not be significant reduced according to CITI finance group.



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