CEZ pays 300m euros for wind projects in Dobrogea - SE Romania, after already investing 350m euros

Czech-based energy group CEZ, which is developing the largest onshore wind project in Europe that will be built in Dobrogea (SE Romania), paid 300.58 million euros to purchase it from Polish developer Continental Wind Partners in August last year.

Also last year, the Czechs invested around 350 million euros in this project, which entails the development and operation of two wind farms. The amount paid stood at 300.584 million euros.

"As at December 31st last year, construction work in progress amounted to 10 billion Czech crowns (350 million euros)," reads a report released by the CEZ group.

Before the deal was signed last year, the sum involved was rumoured to amount to 100 million euros, but a 350 MW-project was being considered at the time. In the official announcement, the Czechs specified they had taken over two 600-MW projects, but did not make any reference to the value of the transaction.

In last year's transaction, the Czechs purchased two wind energy projects located in Fantanele and Cogealac, Constanta county.

Source: ZF