German Wind Companies Look to Hungary

German companies are gearing up for the expected boom in Hungary’s wind power market. Three firms, E.ON, UTEC-Thomsen, and Windfarm Holding, have already set up domestic subsidiaries for wind power.

BUDAPEST, Hungary 2002-03-28 [] The first Hungarian wind power plant was set up in August 2001 in Kulcs (south of Budapest). The HUF 200 million (US$720,000), 600 kW single turbine, generates 1.5 million kWh of energy a year and is owned by the First Hungarian Wind Power Plant Company, in which E.ON Hungaria has a 74 percent stake. Since its launch, the power plant has already generated 1 million kWh of power, according to regional power utility Dedasz (also owned by E.ON). Preparations for a wind power plant park in Tes (west of Budapest) are also well under way. In a new development, Germany’s UTEC-Thomsen Holding GmbH has acquired 95 percent of the Tes Wind Park Operating Kft, and also boosted its ownership in its Hungarian subsidiary to the same level. UTEC plans to build about 40 wind power turbines with 1.5 MW capacities each. A third German company, Windfarm Holding GmbH, has also set up a Hungarian company in conjunction with Winvest Finanzierungsservice GmbH & Co, under the name Hungarowind Wind Power Plant Operating Kft. The main line of activity of the company will be power generation and distribution. The firm also will likely choose the Transdanubia region for its wind power investments.
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