Bulgarian-Austrian Company to Build Wind Energy Park on Northern Black Sea Coast / Legal Services in Bulgaria

Bulgarian-Austrian Company to Build Wind Energy Park on Northern Black Sea Coast

by Sofia News Agency www.novinite.com

The Bulgarian-Austrian consortium "Wind Energy" presented on Thursday a project for the construction of a wind energy park near the northern Black Sea town of Shabla. The news was announced by the Shabla City Hall press center. The project was presented before the Shabla mayor, his team and the local municipal councilmen. The project to build 125 wind generators fully complies with European standards. The total investment amount is estimated at EUR 300 M. The investors are further prepared to build on their own expense an energy distribution center in order to include the wind park in the country's energy distribution system. During the presentation, representatives of the joined stock company, including two Bulgarian and two Austrian companies, explained that the consortium would be registered with the local Court in Shabla, meaning their taxes would go into the municipality's budget. The investors would offer other assistance to the municipality for the realization of different local projects and activities. They would also use only local businesses and employ local workers.