“We are not selling any of the projects, but, because of our partner Eolica, we are not in a position to continue them,” Iberdrola’s representative for Romania, Adrian Goicea, told Mediafax.
Goicea declined to make additional comments, but said Eolica failed to fulfill its tasks under a bilateral deal.
In a release issued later Tuesday, Eolica Dobrogea said some of the company’s wind projects had been facing delays due to “different reasons,” but the development is “well on track.”
In 2008, Iberdrola signed an agreement with Eolica Dobrogea for the purchase of 50 wind power projects with a total capacity of 1,600 megawatts.
The projects, due for completion by 2017, were to be developed in Dobrogea region, southern Romania. Overall costs were estimated at some EUR2.5 billion.
So far, Ibedrola has completed wind power projects in Romania with a total capacity of 80 megawatts.
Romanian authorities announced earlier this year that Iberdrola’s local partners C-Tech and Rokura have reached an agreement with China’s Sinovel Wind Group Co. for the delivery of wind turbines with a total capacity of 1,200 megawatts for future wind projects in Dobrogea region.
Spanish media alleged at the time that Iberdrola was considering selling its Romanian projects to Sinovel, but the Spanish utility dismissed the rumors.
“We do not want to comment rumors spread in the market and we also cannot comment on any potential negotiations between us and any other party than Iberdrola,” Eolica Dobrogea said in its statement.