Follow on Google News News By Tag * Green Business * Cap And Trade * Carbon Emissions Trading * Copenhagen Accord * Cop15 * Climate Change * Renewable Energy * More Tags... Industry News News By Place Country(s) Industry News
Follow on Google News | CIG: Spain’s Iberdrola gets rights to move ahead with 1.5 GW renewable energy project in Romania.Spanish renewable energy giant takes another step towards becoming a European powerhouse in the sector.
By: CIG LLC Iberdrola Renovables, the renewable energy arm of the firm was recently granted a connection license by the Romanian grid operator Transelectrica which effectively clears the way for the company to erect up to 50 small wind farms under the nations Dobruja Project. The deal further highlights Romania’s suitability to emerge as top wind energy market in the Easter European sector as the country boasts some of the best wind resources in the region and the government actively supports development in the renewable energy sector, CIG has learned. Due, however, to issues regarding grid access the Romanian market has until now seen little growth. Figures released by the European Wind Energy Association reveal that Romania had a mere 14 MW of installed wind energy capacity at the close of 2009 of which only 3 MW was installed during last year. CIG sources report that after considerable investment into the nation’s grid and the new connection license it is now possible for Iberdrola to begin work on the Dobruja project. The Dobruja project is a key development by a coalition of companies including Eolica Dobrogea, a firm owned by Swiss engineering group NEK as well as Romanian operators C-Tech and Rokura. # # # CIG is an exclusive, members only, offshore, private equity, investment firm that provides consulting services to like minded members of the private equity and alternative investment community. End
Account Email Address Disclaimer Report Abuse
|
|