Vestas Seeks $2.2 Billion With Punjab for Pakistan Wind Farms

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Vestas Wind Systems A/S, the world’s biggest wind turbine maker, will help Pakistan’s Punjab government obtain $2.2 billion in finance needed for four wind farms in the southwestern part of the province.

The company based in Aarhus, Denmark, signed a letter of intent with the province’s chief minister to build the first 250-megawatt stage of the Quaid e Azam Wind Park, which may reach 1,000 megawatts, according to a statement issued by the Danish embassy in Islamabad. Vestas has identified potential sites for the future wind farms.