State-controlled hydropower company Hidroelectrica announced that “following a highly competitive process which involved both local and international bidders” it signed an agreement to take over the 108MW wind farm Crucea in the eastern part of the country from its German owners on December 23.
Hidroelectrica says it remains focused on diversifying its production by adding high-quality renewables capacities to its portfolio, as part of its recently approved development strategy. The company restated its objective of remaining 100% green throughout the portfolio diversification process.
Developed by STEAG and commissioned in 2014, Crucea Wind Farm is one of the most modern and best-maintained onshore wind farms in Romania with an installed capacity of 108MW. The farm comprises 36 Vestas turbines of 3MW each.
The deal involves the shares of German group STEAG in Romanian subsidiaries Crucea Wind Farm and STEAG Energie Romania. The price of the stakes was not mentioned, but the project was evaluated by the European Bank for Reconstruction and Development (EBRD) at up to €192mn during the financing stage in 2013.
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