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NeSa Energy to Begin Macedonia Wind Farm Construction in July

Jan. 24 (Bloomberg) -- NeSa Energy, a Turkish developer with plans to build a 130-million euro ($173 million) wind farm in Macedonia, will begin work on the venture in July.

The 110-megawatt plant will take about two years to finish, Ali Samra, an owner of NeSa, said by e-mail. “We are in touch with some bank and finance groups for financing the project,” he said. “We are working to agree with one of them.”

The company signed an agreement to build the 44-turbine project, subject to conditions such as wind-speed verification, with southern Macedonia’s Bogdanci municipality on Jan. 17.

The park will receive preferential rates for producing clean power, or a so-called feed-in tariff, Samra said.

Macedonia, formerly part of Yugoslavia, plans to get about 21 percent of its energy from renewable sources by 2020 as it seeks to join the European Union. The Balkan nation applied for membership in March 2004 and has been a candidate since 2005.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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