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Opportunity blowing in the wind

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PRENEAL: Opportunity blowing in the wind

Tax and labour advantages only partly explain why Spain.s Preneal Internacional, a European wind-power company, set up new offices in Moncton, New Brunswick. An equally important factor in the equation is the Maritime province's inexhaustible supply of wind. Preneal Canada President, Christian Monod, says there is huge potential for wind power in Canada's Atlantic seaboard, and adds that he sees a real desire among consumers and investors to learn more about wind energy, which makes the timing of his company's move perfect.


Although wind power is just starting to get off the ground in New Brunswick, he says, it has been growing in Europe for the past 15 to 20 years, and the company is eager to export its technologies, and it sees Canada as a land of opportunity. ''The Maritimes will be the real renewable energy hub of the East,'' he promises, adding that potential also exists in Quebec. ''It started when it became obvious worldwide that the cost of manufacturing electricity with wind was by far much lower than the real cost of manufacturing with coal, fuel, gas, and nuclear. The reason the Maritimes are now coming into the game is because the public is demanding this development hoping to get the highest benefits out of it. Here, Preneal Canada is particularly proud to be able to fulfil this expectation by introducing its business model of co-ownership with communities allowing very substantial local financial and economic spin-offs at minimal or no risk for them.''

Grupo Preneal

Velázquez 100
28006 Madrid. Spain
Tel. +34917813640
Fax +34915781968
N.I.F. A50677970