Bids Presented in Portugal Wind Power Project

Lisbon, Portugal [Reuters] Four consortia presented bids on Wednesday in one of Europe’s biggest tenders for wind power, which should spur investment of more than 1 billion euros ($1.19 billion) to boost Portugal’s alternative energy supplies. … The two-phase project should generate 1,500 megawatts of wind power. EDP estimated it would invest 1.3 billion euros ($1.55 billion) in an industrial plant if it wins the government auction for the wind power project. … The project will provide enough power for about 750,000 homes and is equal to about a quarter of the wind energy capacity installed last year in the 25-nation European Union, according to figures from the European Wind Energy Association (EWEA).

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