Vestas Wind ADR (VWDRY)

[TownScapes]

Vestas Starts Construction Of 100MW Chile Wind Farm Project

Last update: 9/15/2011 4:17:34 PMSANTIAGO (Dow Jones)--Danish wind turbine company Vestas Wind Systems A/S (VWDRY, VWS.KO) kicked off construction of its 100-megawatt Talinay Oriente wind farm project in northern Chile, the company said. Once construction is complete in the first quarter 2012, the Talinay Oriente project will nearly double Chile's wind-power generation capacity. "We have already received acquisition offers from several local and international companies interested in this exciting project, which will play an important role in Chile's future energy mix," said Juan Araluce, president of Vestas Mediterranean. Although only 0.7% of Chile's energy comes from wind generation, authorities have said they want to boost the usage of alternative renewable energy sources, such as wind, solar and geothermal, as the Andean nation looks to double its current installed capacity of some 15,000 megawatts over the next 12 years. -By Anthony Esposito, Dow Jones Newswires; 56-2-715-8929; [e-mail] (END) Dow Jones NewswiresSeptember 15, 2011 16:17 ET (20:17 GMT