U.S. Wind Farm Agreement for Hungary

U.S. Secretary of Energy Spencer Abraham has signed a US$138,000 grant on behalf of the United States Trade and Development Agency (USTDA) to Greenergy Kft. of Hungary to partially fund a feasibility study on a wind farm project.

Budapest, Hungary – March 17, 2003 [SolarAccess.com] Gabor Dicsö, managing director, Greenergy Kft. joined Abraham for the signing ceremony. This study will develop a wind map and provide a preliminary assessment of the infrastructure and economics of the Wind Farm Project in Hungary. USTDA has provided more than US$13 million in funding for feasibility studies, technical assistance and orientation visits benefitting Hungary since 1990, making Hungary one of the largest recipients of USTDA funds in Europe. This grant reflects USTDA’s efforts to help Hungary develop Renewable Energy resources. Greenergy is presently conducting wind measurements in Hungary at eight locations. In order to develop projects on a much larger scale, a broader feasibility study will include additional measurements on alternative locations in Hungary and perform wind development tasks such as wind plant and interconnection design, environmental assessments, geological studies, economic analysis and wind flow modeling. Expanding efforts already underway would allow the realization of several different wind farms with an investment of US$80 million to US$100 million and a total capacity of 80-100 MW per hour, which is equivalent to powering over 20,000 homes per year. The final location of the wind farms will be determined based on the results of the study to be undertaken. In December 2002, USTDA sponsored a Waste-to-Energy and Renewable Energy Regional Conference in Prague covering Central Europe and the Baltic countries. Four of the 20 projects presented at the conference were projects in Hungary. The grant for the Greenergy Wind Farm Project was announced at the Conference.
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