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.