Biggest Wind Farm to Rise with Danish Investors

NorthWind, a joint venture with Danish investors, borrowed $13.1 million from the Danish International Development Agency in October last year to raise the Bangui facility’s capacity to 33MW at a total project cost of $50 milllion.
This wind farm in the Philippines is the largest in Southeast Asia, so far. Northpoint, a subsidiary of NorthWind Power Development Corp., has now announced it will build a 40-megawatt facility worth $95 million also in the Philippines, namely in Aparri, Cagayan.  
There is however a great possibility of Denmark being involved in the new wind farm, which will be even bigger than the previous.
NorthWind chairman Ferdinand Dumlao says that they are negotiating financing packages with Danish, Japanese and Spanish investors.
They plan to start building the Aparri facility within this year.

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