Spanish investment fund Taiga Mistral, which has a 300 million-euro project under development in Poland, says it intends to invest 160 million euros in developing wind farms with a capacity of around 100 MW in several locations in Romania.
"We will invest in Romania in wind farms in the two areas considered appropriate for such investments: on the sea coast and in the mountainous region in central Romania. We expect to develop 100MW projects over the next four years, worth 160 million euros. We are currently analysing projects, and will acquire the most advanced ones, in order to meet our 2012 target," said company representatives.
Taiga Mistral representatives say they will not have difficulties obtaining funding for their planned projects.
"We will work with local developers, but we cannot provide further information for the time being. We have the financial means to develop and build these wind farms, as well as the necessary technical expertise," said company representatives.
According to the cited sources, apart from the project in Poland, which the company started developing around a year ago, Taiga Mistral has also been involved in developing wind farms in Spain, Germany, as well as in Eastern European countries.
The largest wind power project to be developed on the Romanian market is that of the Czech energy group CEZ. The Czechs have recently bought a 600-MW project located in Dobrogea (SE Romania) from Polish investment fund Continental Wind Partners.
The total value of the investment in this project, which is scheduled to start operating in 2010 amounts to 1.1 billion euros, a sum that includes the value of the transaction. Although the market has been swamped with announcements of investments in wind power projects since the beginning of this year, players say under the current market conditions, only the strong will be able to see their projects through.
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