OMV Petrom Bucuresti (SNP), the biggest Romanian company, announced it would invest around 100m euros in a wind power generation project, after it acquired a wind farm in Dobrogea, thus competing with major European energy generators, such as CEZ or Enel, for a slice of the wind energy market. The firm acquired by Petrom, Wind Power Park, owns in Dobrogea plots of land and licenses for the construction of a wind farm with a projected capacity of around 45 MW, which can be extended to 54 MW. The seller is Monsson Alma company, controlled by Romanian-born Swedish businessman Emanuel Muntmark, one of the biggest developers of wind farms in Dobrogea. Petrom estimates the wind power station may start production in mid-2011. This is Petrom's second investment on the electricity segment, after Brazi power station, set to run on natural gas, which will have a 860 MW installed capacity. Investments in this project are put at 500m euros. "Through this project, we want to make use of the flexibility of Brazi station. With a portfolio that includes both gas-based capacities and capacities using alternative sources, we can benefit from the advantages of both technologies," stated Mariana Gheorghe, CEO of OMV Petrom.
OMV Petrom Bucuresti (SNP), the biggest Romanian company, announced it would invest around 100m euros in a wind power generation project, after it acquired a wind farm in Dobrogea, thus competing with major European energy generators, such as CEZ or Enel, for a slice of the wind energy market. The firm acquired by Petrom, Wind Power Park, owns in Dobrogea plots of land and licenses for the construction of a wind farm with a projected capacity of around 45 MW, which can be extended to 54 MW. The seller is Monsson Alma company, controlled by Romanian-born Swedish businessman Emanuel Muntmark, one of the biggest developers of wind farms in Dobrogea. Petrom esti
