BELGIUM / ITALY - 3i invests EUR 30m in Electrawinds

Electrawinds, which operates in Belgium and Italy, currently has 45MW of installed capacity in wind and biomass energy. Since its formation in 1998, Electrawinds has invested a total of EUR 100m in renewable energy projects. The company has plans to add a further 400MW of energy generation.

3i’s investment will allow Electrawinds to construct and develop additional wind and biomass projects across Europe. The company currently has branches in Portugal, Greece, Romania, Bulgaria and Africa and today’s investment will allow these activities to be expanded. Over the coming year, Electrawinds is planning to invest a further EUR 100m in renewable energy projects. Electrawinds is aiming for turnover of EUR 22.8m in 2006, EUR 50m in 2007 and EUR 100m in 2008.

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• Topics
• Buyouts
• Benelux
• Southern Europe