One of Italy’s biggest power company, Enel Green Power SpA, may receive funds of EUR 200 million from the European Investment Fund to build three wind farms offshore Romania. The loan represents 50 percent of the projects’ total cost, according to the bank, quoted by Bloomberg.com.

The three Romanian on-shore wind farms will be located in the regions of Dobrogea and Banat with a total installed capacity of 258 megawatts. The farms will be equipped with 126 turbines and have a capacity ranging from 2 megawatts to 2.3 megawatts.

Enel, based in Rome, also is developing wind farms in Latin America and North America. Romania has 462 megawatts of installed onshore wind projects, according to the European Wind Energy Association.

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