Romanian oil & gas company OMV Petrom is negotiating the sale of its 45 MW wind park Dorobantu, Tulcea county, to the investment fund CEE Equity Partners, according to market sources cited by local Mirsanu.ro.

The fund is controlled by China’s Eximbank.

OMV Petrom completed the wind park five years ago, following a EUR 90 million investment. At that time, OMV Petrom was looking to diversify its operations in the energy sector.

The legislative changes Romania adopted in this sector have led to losses for renewable energy producers. The oil & gas producer announced last fall its intention to sell its wind energy production capacity. The group said that it wanted to focus on activities related to oil & gas production.

CEE Equity Partners hasn’t made any acquisition in Romania until now. The fund has a budget of USD 20-50 million for its first investment in the energy market this year.

editor@romania-insider.com