The project is estimated at EUR84.2 million. It is developed by Inveravante Inversiones Universales through a special purpose vehicle, Smardan S.R.L., incorporated in Romania, EBRD said in a statement Monday.
The Spanish firm specializes in wind power, oil and natural gas production and is present in over 20 countries.
Romania has wind farms with a total installed capacity exceeding 2,100 MW.
Investments in the production of renewable energy in Romania exceed EUR3 billion and the projects are mainly developed by private companies.