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By Anamaria Deduleasa in London
Tuesday, March 04 2014
The European Bank for Reconstruction and Development (EBRD) will provide a senior loan of €49m towards a total project cost of €200m.
Austria-based finance group Erste will contribute the same sum again, 90% of which will be covered by the Danish Export Credit Agency (EKF).
Banca Comercială Română (BCR), a subsidiary of Erste in Romania, will provide a €27m VAT-funding loan facility.
Denmark’s Vestas last year won the order to supply 3MW turbines to the wind farm, which is being developed by German power-producer STEAG – the main shareholder in the project company.
Preliminary construction work on the 36-turbine wind park began late last year and it is due to be finished by mid-2015, said the EBRD.
Once operational, the project will trade both electricity and green certificates on the wholesale electricity trading platform, OPCOM.
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