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Romania

Romania

Spanish investment plans to spend millions on building 100 MW

Spanish investment fund Taiga Mistral plans to spend EUR 160 million on building about 100 MW of wind power capacity in Romania. Taiga Mistral's Marta Fernández Bordóns says the group is mainly working in two areas in the eastern European country: in the Carpathian mountains in Moldavia and near the Black Sea coast. It has six potential projects on the go with a combined installed capacity of 136 MW. "Our target is 100 MW to be ready to build in 2012, 2013 and 2014," says Fernández. The Spanish group is working with local developers who will double up as investment partners. "The incentives are very good and there is not yet really a wind sector in Romania; we see an opportunity," she adds. Taiga Mistral has also recently announced plans to invest about EUR 300 million in building 200-220 MW of wind plant in Poland between 2011 and 2013. Fernández says the company already has more than 100 MW in its pipeline in Poland and expects to close more deals soon.

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