ACCIONA completes the first wind park built by a Spanish company in South Korea

The 61.5 MW Yeong Yang facility represents an investment of 100 million euros.

The park has forty-one 1.5 MW wind turbines manufactured with ACCIONA Windpower technology.

The project has been registered by the United Nations under the Clean Development Mechanism (CDM).

ACCIONA has completed the grid connection of the 61.5 MW Yeong Yang wind park in South Korea. It is the first facility of its kind built by a Spanish company in that country and represents an investment of around 100 million euros.

The facility, located in the region of North Gyeongsang, has forty-one 1.5 MW wind turbines manufactured with ACCIONA Windpower technology, with a tower height of 80 metres and a rotor sweep diameter of 77 metres. The assembly and commissioning of the turbines began in the second half of 2008 and the process was completed this week with the grid connection of the last wind turbine.

Under the CDM of the Kyoto Protocol

The Yeong Yang windpark, 100% owned by ACCIONA, was registered by the United Nations as a project under the Clean Development Mechanism (CDM) in February this year. This registration is for a period of ten years, during which time the facility will avoid the emission of 1.11 million metric tonnes of CO2 (112,812 tonnes a year). ACCIONA will obtain Emission Reduction Certificates for this, which it can then sell on the emission trading market.

It is ACCIONA’S second such project to qualify under the CDM  two other wind parks are already operational (29.7 MW) in the region of Karnataka (India).

The CDM is one of the flexible mechanisms under the Kyoto Protocol for the reduction of emissions. Its aim is that public or private entities should carry out projects in developing countries that contribute to sustainable development there and an overall reduction in greenhouse gas emissions.

Companies or other entities taking part in the scheme receive Emission Reduction Certificates (ERCs), which can then be sold in industrialised countries to ensure compliance with the commitments acquired in the reduction of emissions.

The trading of ERCs on the emissions market guarantees the economic viability of projects, thus encouraging sustainable development initiatives in the countries receiving the investments.

Corporate information

ACCIONA Energyp is a world leader in renewable energies, having installed more than 6,000 MW of wind power capacity in 208 wind parks in 14 countries. It also manufactures wind turbines using proprietary technology. It has CSP and photovoltaic plants, small hydro power stations and biomass plants, plus biodiesel and bioethanol production facilities.

ACCIONA Energy is part of the ACCIONA Group, one of the main Spanish corporations with activities in over 30 countries on the 5 continents in the fields of infrastructures, energy, hydropower and services, with revenues of 12.67 billion euros in 2008. ACCIONA's workforce numbers over 41,000 and the group is listed on the selective Spanish IBEX-35 (ANA.MC) stock market index.