Innovative Wind Concepts Invests EUR 75 M in Bulgarian Wind Energy Plant

Bulgarian company IWC Bulgaria 4 owned by German Innovative Wind Concepts is planning a new wind farm in the northeastern part of the country near the city of Shumen.

The wind power project located by the Krasen Dol village will include 21 wind turbines, at 2-3 MW each. The yearly turnout of energy is expected to be over 100,000 MWh.

The wind energy facility, which is expected to start working in 2013, will cost some BGN 150 M.

The Ministry of Economy and Energy has issued a "Class-A" grading of the investment. This is IWC’s second "Class-A" investment, the first being again a wind farm – the 140 MW Lozenetz facility in Dobrich region

Innovative Wind Concepts, which owns IWC Bulgaria 4, is a joint venture of WKN Windkraft Nord AG and Siemens Project Ventures GmbH.