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News Release from: Foster Wheeler
Edited by the Engineeringtalk Editorial
Team on 09 November 2006
Italian wind farm to produce 48MW
Foster Wheeler Italiana has been awarded an engineering, procurement and construction contract by Voreas for a new wind farm at Pietramontecorvino, in Southern Italy.
Foster Wheeler Italiana has been awarded an engineering, procurement and construction (EPC) contract by Voreas for a new wind farm at Pietramontecorvino, in Southern Italy Foster Wheeler Italiana owns a 50% equity interest in Voreas
This article was originally published on Engineeringtalk on 2 Feb 2001 at 8.00am (UK)
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The terms of the contract award, which will be included in Foster Wheeler's third-quarter 2006 bookings, were not disclosed.
The new 48MW wind farm will comprise 24 state-of-the-art wind turbine generators, and is expected to be completed by the end of 2007.
The plant is expected to sell its power output in the new liberalised Italian power market and is also expected to sell Green Certificates for the first twelve years of operation, in accordance with recently enacted Italian legislation aimed at encouraging electricity production from renewable sources.
A Green Certificate is an official record proving that a specified amount of electricity has been generated from renewable sources.
Green certificates represent the environmental value of renewable energy production and can be traded separately from the energy produced.
"Foster Wheeler Italiana has been active and successful in power project developments since the early 1990s", said Gianfranco Brustia, Director, Power Division, and Vice President, Foster Wheeler Italiana.
"Foster Wheeler Italiana, through a separate wholly owned subsidiary, already owns three additional wind farms in the south of Italy with an overall capacity of 55MW, of which 22.5MW are already in commercial operation and the remaining 32.5MW are at an advanced stage of development".
"This latest award further strengthens our position as a developer, equity investor and operator of wind farms in Italy".
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