Romanian incentives help Monsson sell 108MW project

ROMANIA: Romanian developer Monsson Group has sold the 108MW Crucea North wind farm in Constanta to German electricity provider Steag.

The deal comes as strategic investors continue to target wind projects in the country following the launch of the country’s incentive scheme in late 2011.

Steag will invest about €200 million in Crucea North, which will be equipped with 36, 3MW Vestas turbines.

Work on the wind farm, part of a larger project that could eventually be built up to 600MW, should be completed next year. The project is located 50 kilometres northwest of the Constanta port.

Romanian’s most well-known wind developer, Monsson has sold around 850MW in projects to Czech utility CEZ, OMV Petrom and ButanGas.

The biggest project was the 600MW Fantanele-Cogealac wind farm now owned by CEZ. With over 400MW now operational, the project should reach full capacity by end-year.

Romania had 1,222MW of installed wind capacity in March, according to data from grid operator Transelectrica.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in