Renewables

China’s Norinco gets green light for 156 MW wind farm near Senj

Slika: Pixabay

Published

July 31, 2018

Country

Comments

comments icon

0

Share

Published:

July 31, 2018

Country:

Comments:

comments icon

0

Share

China’s construction company Norinco International Cooperation has obtained a building permit for the construction of a 156 MW wind farm near the City of Senj in Croatia, local media reported.

Senj Mayor Sanjin Rukavina announced that Norinco obtained the building permit at a recent session of the city council. He said that another session of the city council will be held during August to discuss the city’s budget revision given that the issuance of the building permit for the wind is expected to create significant revenues for the city.

At the end of 2017, local media reported that the Chinese construction company bought 76% of Croatia’s Energija Projekt for EUR 32 million, which gave it the right to build and operate the 156 MW wind farm.

In March this year, law firm Norton Rose Fulbright announced that it has advised Norinco on the USD 71 million acquisition of rights to build and operate a 156 MW wind power project in Croatia.

The wind farm comprises 39 units of 4MW wind turbines and covers an area of 44.8 square kilometers, according to the law office. The estimated lifetime is 23 years with an annual output of 530 million kWh.

The Norton Rose Fulbright team was led by Tom Luckock who said that by investing in this project, Norinco is positioning itself for expansion in both the energy and European market share and portfolio.

“This deal is a fine representation of the activities driven by Belt and Road Initiative and is only one out of a very robust pipeline of deals,” Luckock said.

The City of Senj and the Brinje municipality expect significant revenues from the wind farm operation, the Croatian media reported. The Chinese company is also interested in new investments in this region, not only in the energy sector.

Norinco International Cooperation is a Chinese state-owned construction company which has contracted large-scale projects, involving in the transportation, housing, energy, communications, environmental protection, and other sectors in Asia, Africa, and Europe.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Serbia adopts new regulations for second round of RES auctions

Serbia adopts new regulations for second round of RES auctions

14 November 2024 - The Government of Serbia completed the regulatory framework for the second round of auctions for wind and solar power projects

Masdar Albania KESH deal renewables joint venture

Masdar, Albania’s KESH ink deal on renewables joint venture

14 November 2024 - Masdar and state-owned power utility KESH are exploring the development of gigawatt-scale green energy projects in Albania

serbia law on energy changes

Government of Serbia adopts changes to Law on Energy

13 November 2024 - The Government of Serbia adopted the changes to the Law on Energy and sent them to the National Assembly for a vote

hse slovenia prapretno solar trbovlje hrastnik stokelj

Slovenia’s HSE to expand Prapretno solar power plant, install 7 MW battery

13 November 2024 - The utility intends to sell 10% of production from the second phase of its Prapretno plant to the municipalities of Trbovlje and Hrastnik