“We plan to invest EUR400 million in new projects this year,” said Adrian Borotea, executive board member with CEZ Romania.
Speaking at an economic conference organized by Ziarul Financiar, Borotea said CEZ has invested over EUR2 billion in Romanian energy projects so far. About half of the projects targeted green energy production.
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 southeastern region of Dobrogea. When completed, it will have 240 turbines and will be Europe’s largest onshore wind farm.