Green Technology

European venture capital firm, 3i, invests in Electrawinds to support renewable energy projects in Europe.  Electrawinds has installed base of wind and biomass energy with a capacity of 45 MegaWatts with plans for expansion up to 400 MW.  The renewable energy market has been growing at excellent rates and Electrawinds is positioned to benefit from this trend.  ... 

... "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 €100m in renewable energy projects. Electrawinds is aiming for turnover of €22.8m in 2006, €50m in 2007 and €100m in 2008. The worldwide market for renewable energy is estimated at $100bn pa and has been growing at 30% pa over the last 5 years. This growth is driven by concerns over global warming and carbon emissions, the impact of high oil prices and the desire to diversify supply sources and reduce dependence on imported fossil fuels. " ...

Via 3i: 3i invests €30m in Electrawinds