about us | newsletter | contact | archive | members area

»
  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  |  7528 Views
Daily Info
European Investment Bank celebrates 25 years in Romania with 13 billion Euro for economic and financial support

The European Investment Bank (EIB) has approved more than 13 billion Euro worth of financing and advisory services for Romania since it started its operations in the country 2...

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city...

Telekom Romania and Alior Bank launch Telekom Banking

Telekom Banking, a digital financial project in Romania, developed within the partnership between Telekom Romania and Alior Bank, one of the largest banks in Poland, aims to m...

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shar...

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose ...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is du...

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudo...

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendme...

Romania's inflation rate up to 1.8 percent in September, says INS

The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpre...

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the c...

Mol announces plans to build new headquarters in Budapest

Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.