The 110kV substation, which is expected to cost about EUR1.5m, will provide an interconnect for Wind Works’ wholly-owned Wind Park Burg I and II projects, with a total generating capacity of 10MW.
Construction of the Wind Park Burg I facility will begin this year, while construction of the Wind Park Burg II facility is expected to start in the Fall of 2012.
The new substation will not only connect the Wind Park Burg I and II projects, but an additional 20MW, being planned by Aquavent and other developers, in the same region.
According to Wind Works, the substation will be fully financed through the Burg I debt and equity project financing that is already in place.
The company said that once 30MW have been connected, it expects to generate recurring revenue by operating the substation equal to a 10% return on equity.
