Overview

Proactive wind farming in emerging markets Armaec is a developer of wind farms in emerging markets where great opportunities exist. Increasing demand for energy due to the high growth of economies, supportive regulatory framework and good wind speeds make countries like Armenia, India and South Africa favourable countries to develop wind farms. Founded in 2007, the company is aiming to develop wind farms with a total capacity of 1,500 MW by 2024. This would attract a total investment of circa € 2.5 billion.