The Czech Republic's CEZ is thinking about selling Europe’s largest wind on-shore wind farm in Romania, at Fantanele and Cogealac, but intends to stay on the Bulgarian market, reports Wall Street Journal.

If the company will receive “a good offer” it would be willing to sell its entire Romanian wind-power generation operations, but is also entertaining bids for minority stakes, said Tomas Pleskac, head of CEZ's international division.

So far, several international institutional investors expressed interest for CEZ's Fantanele and Cogealac wind power plants in Romania, Pleskac added, writes Wall Street Journal. However, no value was revealed for the potential sale.

The CEZ official also stated that despite the challenges in collecting fees related to renewable-energy subsidies in Romania, the payment conditions with major clients in the country, such as the state-owned railway company or postal service, are improving.

"The Romanian wind park continues to produce power and would offer a potential investor a very sure return," he added, quoted by Wall Street Journal.

Thus, the company is not under pressure to sell its Romanian operations, all talks being in preliminary stages.

CEZ’s Fantanele and Cogealac wind park in Romania, consisting of 240 wind turbines, generated 1,250 GWh of electricity in 2013, its first calendar year of full operation.

Irina Popescu, irina.popescu@romania-insider.com