“We are carrying advanced negotiations, mostly for the acquisition of wind energy projects. We are also in talks, though not quite as advanced, to buy micro power plants,” Borotea told an energy seminar in Bucharest.

Borotea didn’t give further details on the targeted projects.

CEZ operates several hydropower companies and wind farms in Romania. The Czech group invested CZK4.9 billion (EUR196 million) in wind projects in Romania in 2011, according to the company’s financial report.

Currently, CEZ is developing a 600 MW wind farm project in Romanian localities Fantanele and Cogealac, southeastern region of Dobrogea. When completed, it will have 240 turbines and will be Europe’s largest onshore wind farm.