Chinese company Norinco International Cooperation has bought a 76 % stake in Croatian company Energija Projekt for 32 million euros.
With this investment, the Chinese investor has taken over the rights for construction and operation of a wind farm of installed power output of 156 MW near Senj. The wind farm should consist of 39 wind turbines with 4 MW power output each. Produced electricity will be sold directly on the market, which means that this will be the first major greenfield project in wind energy that will not receive incentives from the Government.
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Tags: acquisition, China, construction, Croatia, electricity, Energija Projekt, Norinco, Senj, wind, wind farm