Project Development, Utility Scale, Wind Power

Briefly Noted … Wind Energy

Worldwide News Briefs and Information on Renewable Energy

– In Japan’s largest private-sector financing of a wind project, Marubeni and Kita Koudensha have raised 1.7 billion yen (US$14 million) in limited-recourse project finance from Sumitomo Trust for the joint venture to build a windfarm on the northern island of Hokkaido. The Sarakitomanai Wind Power will complete the 14.8 MW facility in December. The funds will cover 60 percent of the 3 billion yen needed for the windfarm, and it is the first project finance contract for a large-scale wind project where the windfarm does not take on the risk for wind conditions. – German wind developer Energiekontor has started building a 14 turbine windfarm in Portugal, which will be among the country’s largest when it starts generating late next year. The ‘Trandeiras’ capacity will be 18 MW and involve an investment of Euro 25 million. – The renewable energy subsidiary of Iberdrola, the Spanish electricity company, is looking to build windfarms in Europe and the Americas. With local partners, it wants to build windfarms in France (where it says “some very interesting tariffs” have been approved) and Poland. It wants to build 1,050 MW of windfarms in Brazil by 2003, as well as in Mexico. – A group of scientists from the Latvian company Latekols have conducted research for seven years to develop a rotary windmill. The unit has applied for a patent, a prototype has been built, and the group is seeking funding partners. The turbine has an efficiency of 0.82 and allows a shadowing rate of up to Ks=0.5, compared with