Spainish power company Union Fenosa (UFN.L) plans to build seven wind farms in Australia that will double the country’s wind power capacity, according to a Reuters report.
Union Fenosa’s investment in the projects is expected to be US$1.2 billion, and the wind farms are expected to be online in 2013, adding an additional 850 megawatts (MW) of wind power.
Australia currently has only 42 wind farms providing approximately 0.5% of the nation’s electricity.
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