Recently, the Portuguese Ventinveste consortium and Germany's Fuhrländer GmbH will construct 4 wind farms in Portugal. The 2.2 billion euro (approximately RMB 18.1 billion) investment in the wind power project will strengthen Portugal's renewable energy cluster.

The Ventinveste consortium consists of some of Portugal's top energy and engineering companies, including Galp Energia, Martifer, EDP Renováveis, and Senvion.

The Ancora wind power project will have a total capacity of 1716 MW, with an initial tariff of 68 EUR/MWh (approximately 561 CNY/MWh), which is also Portugal's highest wind energy tariff. According to the Portuguese Energy Services Regulatory Authority (ERSE), the average wind energy tariff in Portugal is 93 EUR/MWh (approximately 767.4 CNY/MWh). The 4 wind farms will require a total of 84 wind turbines. The wind power project will commence immediately after the financial settlement of the agreement is completed, expected to start in the 4 quarter of this year. The grid connection plan for the wind power project is scheduled for implementation from mid-2015 to mid-2016.