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ZF English

Former owner of food stores in France set to develop 600m-euro wind energy projects

15.03.2010, 16:39 43
Three French-held companies, Filasa, Fibusa and Sanafi, have set up a company registered in Romania, called Eolenvest, at the beginning of this year, through which they plan to develop wind energy projects with a capacity ranging between 400 and 600 MW, almost equalling that of a reactor of the Cernavoda nuclear power station, in Romania. Considering investments in a MW of wind energy goes up to as much as 1.5m euros, the French companies' investment might reach 600-900m euros. "Filasa, Fibusa and Sanafi are firms created by a former owner of Leader Price food stores, namely Lacoste French family. In 2007, Lacoste family decided to sell the around 60 Leader Price stores it held in France and invest the raised money in the field of renewable energy in several countries, including Romania," explains Ernest Popovici, a senior partner with Popovici Nitu & Asociatii, the law firm that assists the French with their plans to develop the wind energy projects in Romania.

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