about us | newsletter | contact | archive | members area
Radu Manea, Porsche Finance Group
Although still a young market for this type of service, Romania is adapting quickly»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Verbund initiates construction of first section of Casimcea wind park

Following an investment estimated at around EUR 300 million, Austrian company Verbund has announced that the electric station at its project in Casimcea, south-eastern Romania, is now completed

December 2011 - From the Print Edition

According to the company’s representatives, Romania delivers the ideal conditions for the development of wind parks, due to the climatic conditions, which are comparable with those along the German coast of the North Sea. The project developed by the Austrian company in Tulcea County is the largest electricity project by an Austrian firm in Romania, and the construction of the first section of the project has started after a development stage of three years.
Verbund, which has global businesses worth EUR 3.5 billion, plans to complete and prepare the wind farm for exploitation by next year. According to the project description submitted to the Romanian Ministry of Environment and Forests, Verbund has joined forces with a local developer in Tulcea to build the 200 MW wind farm. The project will consist of 77 turbines in four groups.
Tulcea is also on the map of the Portuguese company Martifer, which signed a financing agreement worth EUR 23 million with Banca Comerciala Romana (BCR) in April this year for a wind farm of 42 MW in Babadag, in the Dobrogea region. The Babadag project has 20 turbines, split into two groups, of 16 and 4 turbines respectively. Martifer intended to start a wind farm in Babadag in 2007 but disagreements with local authorities caused the project to be postponed until 2010.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  4381 Views
Daily Info
Hercesa sells plot of near 13.000 sqm in Bucharest

Estimated as one of the largest land transactions of this year, the Spanish company Hercesa acquired a 12.700 sqm plot in western Bucharest, in Carrefour Orhideea area, to rea...

The largest deposit of oil and gas has been discovered in Buzau county

OMV Petrom and Hunt Oil Company of Romania announced they have discovered the largest oil and gas deposit in southern area of Buzau county, after a joint exploration investmen...

Mega Image reopens Angst network after rebranding

The Belgian retailer announced it concluded the rebranding process of the 18 Angst network and it reaches now 400 units. Out of the 18 stores, 10 have been reopened as Mega Im...

Auchan purchases a shopping center in Pitesti with 20 million Euro

The French retailer acquired a shopping center located in Pitesti from real-estate rental specialists Rolast for EUR 20 million.

Radu Florescu takes the helm of Saatchi&Saatchi PR

Radu Florescu replaces Larisa Petrini at the helm of Saatchi & Saatchi Public Relations, after the former manager steps down at the end of twelve years of collaboration with t...

 
 
   
advertising

advertising

advertising

advertising

More on News
Romanians elect Klaus Iohannis their new president for the next five years

Klaus Werner Iohannis, ethnic German and Sibiu mayor won the second and final round of presidential run-off of November 16 against his opponent, current prime minister Vict...

Eurostat: Romania to register the highest GDP growth in the EU in Q3

In early November, Romania recorded the highest GDP growth in the European Union (EU) in the third quarter of this year, of 1.9 per cent, in comparison with the previous qu...

Transelectrica inaugurates 220/110 kV Barbosi station

In late October, the National Company for Power Grid Transelectrica inaugurated the 220/110 kV Barbosi station in Galati with the completion of refurbishment works

1 Comment

30 million Euro in oil fuel deposits in Tazlau

In mid-November, OMV Petrom, part of the Austrian OMV Petrom group, the largest oil and gas producer in Southeastern Europe, announced it would invest about 30 million Euro...

Oradea municipality invests four million Euro in geothermal energy

In early November, Oradea municipality announced that it had signed a geothermal energy recovery project in order to produce heat, a project worth over four million Euro (1...

1 Comment

Infrastructure deliveries status this year: less than half compared to 2013

The Romanian National Company of Motorways and National Roads (CNADNR) announced it would deliver 56 km of highway by year-end, less than half compared to 2013, when 119 km...

1 Comment

Hasan Ali Yardimci

Hasan Ali Yardimci has been named general manager of Romanian domestic goods producer Arctic in October this year, replacing the former manager Iavorschi who becomes intern...