CEZ buys wind farm project in Romania

Czech power group CEZ and Continental Wind Partners LLC, a major renewable power developer, concluded the sale of CWP's adjacent Fantanele and Cogealac wind farms in Romania to CEZ. The two projects will together be the largest onshore wind farm in Europe, with a total capacity of 600 megawatts, approximately double the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest current operational wind farm in Europe. The total investment of the CEZ Group into the project will reach € 1.1 billion.

Fantanele and Cogealac are situated in the Dobrogea province, north of Constanta, about 17 kilometers from the Black Sea. The construction will begin next month. The wind farm will represent almost 30% of the renewable market in Romania (including large hydro) when it becomes fully operational. It is the first significant wind project to be realized in Romania, which today has only 7 MW of operational wind energy production.

BankNews.ro