Who exits and who's still betting on hottest field, wind energy
Germany's RWE is withdrawing from a wind project worth above
250m euros, with the group saying things have not gone as planned.
Still, RWE states it is still looking for good wind power projects.
Meanwhile, Spain's Iberdrola will start green energy production in
2011 in an 80 MW wind farm, and businessman Emanuel Muntmark
launches another 1,000 MW on the market.
2011 seems to be even busier than 2010 in terms of investments in
wind projects.
"At the end of last year, 457 MW were installed in wind farms,
meaning a capacity leap of 32 times from what was installed in
2009," says Dana Duică, executive director with the Romanian
Association for Wind Energy.
Thus, last year investments in the field amounted to around 820m
euros, with CEZ 's project of Fântânele commune of Dobrogea as the
most important.
Though estimates for this year on the new installed capacity go
beyond the 1,000 MW threshold, the first bad news from the part of
large investors is emerging.
The Germans at RWE could also be the second investor leaving the 4
billion-euro project to build reactors 3 and 4 of the Cernavodă
nuclear plant after CEZ threw in the towel.