Eurus invests in 31MW Italian wind
Japanese renewables developer Eurus Energy has invested in roughly 31.2MW of wind capacity in southern Italy by purchasing 50% stakes in two projects from developer Maluni.
Tokyo-based Eurus did not reveal the terms of the deal.
Maluni — a unit of Naples-based wind developer Italian Vento Power Corporation (IVPC) — connected the projects to the grid in Calabria in 2008 and 2009.
The 12.75MW IVPC Power 4 wind farm features fifteen 850kW Vestas wind turbines, while the 18.4MW IVPC Power 9 project is powered by four of the Danish manufacturer’s 850kW machines and five of its 3MW turbines.
Eurus — a joint venture between utility Tokyo Electric Power (Tepco) and Toyota Tsusho, the trading unit of the Toyota group — ordered 51MW of Siemens turbines in March for a wind farm in northwestern Japan.
It plans to double its installed wind capacity over the next five years by investing roughly ¥280bn yen ($2.76bn) in the construction of projects throughout Europe and the US.