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Page added on September 29, 2006

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Spain’s Acciona Says Offshore Wind Plant on Course

Spanish construction and energy group Acciona hopes a mammoth wind energy project off southern Spain will clear bureaucratic and technical hurdles and be ready to launch in about three years, a senior executive said.

Acciona is planning to spend 2 billion euros (US$2.5 billion) setting up giant windmills far offshore, but it first needs a guarantee it can sell the energy at an attractive price and regulatory changes.

“Of course it needs a higher electricity price … something like a special premium because it implies greater risk.”
Planet Ark

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