3Power Energy Group Inc. says it has entered into an agreement to develop 240 hectares of land for wind energy assessment in the Nuoro region of Sardinia, Italy, at an elevation of 800 meters.
The land will be leased by 3Power upon the completion of the licensing and permit process. Seawind Services, the company subsidiary providing the engineering work for wind projects, plans to start installing the wind measurement equipment soon.
The landowner is a prominent family in the region and will support the licensing and permitting process.
3Power says it has reallocated the projects under the acquisition agreement signed in May 2011 with Power Andina to a 19.5 MW project, which is being developed by Andina and has more than four years of bankable wind data. Preliminary project design and environmental permitting have been completed, the company adds.