Geotechmin OOD has signed a Contract with Global Wind Power A/S for the construction of 14 wind turbine foundations in the Kavarna – Kamen Briag – Shabla region.

Work started in mid-November, 2008 and is planned for completion in October, 2009. It is also intended that Geotechmin OOD and Global Wind Power continue to work together on the extension of this wind farm and on other regional wind farm projects planned for the year 2009.

Global Wind Power A/S is a 100% Danish-owned company established in 2000. It specializes in the development, installation and management of wind farms whose wind turbines are sold to investors, primarily in Denmark. In 2003 the company founded a subsidiary on the German market.

Geotechmin’s Contract with Global Wind Power is an important step for the company on its way to entering the renewable energy market, initially as a constructor but then as an investor and producer.