Spanish Company Plans More Wind Farms

Fersa Energias Renovables SA, a Spanish renewable energy operator, has signed agreements to build wind parks in Spain and Russia, almost doubling existing development plans. The developer agreed to jointly build wind parks with Green Alliance SGECR SA in Spain and will buy 50 percent of Barner Investment SL by selling shares worth 190,000 euros. In Russia, the company signed agreements with developers it didn't identify.The deal adds 1,575 megawatts worth of potential wind parks to the company's 1,646-megawatts pipeline. The agreement includes purchase options for wind parks jointly developed with the Spanish and Russian promoters.