Expatica news

Electrawinds has ambitious plans for a wind energy park in Romania

The Ostend wind energy company Electrawinds is planning a massive wind energy park in the Romanian port city of Constanta. The project will generate about 100 megawatt, contains about fifty wind turbines and will cost 100 million euros. Electrawinds has already received a permit from the Romanian authorities to go ahead, but it may take another two years before the company can start the project. “In Romania various permits and administrative allowances are required,” explains one of their spokespeople. The groups is currently working on anemometric testing and have made no definitive investment decisions as such, but the project does underline the group’s ambitious plans in the region of Romania, Bulgaria and Serbia which not only include wind energy, but also biomass projects. They have already built a factory in Serbia which processes animal waste to generate energy and last year they opened an office in Constanta and built two 1.5-megawatt wind turbines. Once all the paper work has been done for the planned energy park, they will be looking for new investors to finance the projects. Their planned but twice postponed IPO via a merger with the German ECT1 could be a trigger. The deadline for this IPO is 28 September.