Ventinveste, a consortium of Portuguese energy and engineering companies, and Ferrostaal GmbH, will build four wind farms in Portugal for an investment of € 220 million.
The farms will entail a total 84 wind energy turbines, which will be produced in Oliveira de Frades and in Vagos, in Northern Portugal. Construction will begin immediately after the financial closing of the agreement, which is expected to take place in the 4th quarter of the year and the connection to the grid is planned to occur in a sequence spanning from mid-2015 to the middle of 2016. Ventinveste, whose members include Galp Energia, Martifer, Efacec and Senvion, and Ferrostaal will each hold a 50% share in the project.
