Company Lukerg Renew GmbH, a joint venture between ERG and Lukoil, estimates the deal will be completed soon. The project includes wind turbines with a capacity of 84 MW, located in Dorobantu, Topolog and Casimcea (Tulcea county).
According to a statement on EBRD’s website, Lukerg Renew is in the course of acquiring an 84 MW wind farm in Tulcea, and the acquisition process is expected to be completed by October 2012.
“The European Bank of Reconstruction and Development is contemplating providing a loan on a limited recourse basis to the Project Company,” the bank said.
Several other wind farm projects are underway in the three localities. Austrian group Verbund is developing a wind farm with an installed capacity of 200 MW in Casimcea. The investment is valued at EUR300 million. The fist part of the project has been completed recently and the entire project is scheduled for completion in 2013.
Energy Rose, controlled by Israeli investors, is also developing a 6 MW wind farm there, following an investment of EUR10 million.
In 2010, Belgian company Electrawinds completed the construction of a wind farm in Topolog.
Last year, oil company OMV Petrom (SNP.RO) started the development of a 45 MW wind farm in Dorobantu. The investment stands at about EUR90 million.
Wind farms in Romania have a cumulated capacity of about 1,200 MW.
According to the country’s statistics institute INS, Romania’s electricity production stood at 30.4 TWh in the first half of the year, with 1.2 TWh generated by wind farms (4% of the total output).
In 2011, wind farms covered 1.4% (or 0.9 TWh) of the entire electricity production, of 60.2 TWh.