The deal’s value was not disclosed.
The 108 MW Crucea North wind farm in Constanta is slated to start production by the end of 2013. The project will include 36 wind turbines with a capacity of 3 MW each, developed by Danish company Vestas.
Germany’s STEAG plans to invest EUR200 million in the project, which will produce clean electricity for approximately 200,000 Romanian households and reduce CO2 emissions by more than 300,000 tons per year, Monsson said in a statement.
The Crucea North project is part of a planned 600 MW wind farm complex in Constanta county.
Established in 1997, Monsson Group has developed wind parks worth some 2,400 MW, of which it has sold 850 megawatts to investors including Czech utility CEZ and Romanian dominant oil and gas group OMV Petrom (SNP.RO)
One of Germany’s largest electricity producers, STEAG operates eleven power stations with a total capacity of 9,400 MW.