France’s Filasa to Invest $1 Billion in Romania Wind-Power Parks

Filasa International, a French privately-held company, plans to invest 780 million euros ($1 billion) in 11 wind-parks in Romania, the company said in an e- mailed statement late yesterday.

Filasa has started work at the parks with a total capacity of 516 megawatts in the north-eastern county of Suceava and has invested 6.2 million euros so far, according to the statement. The company seeks to complete the investments in the next two years, Bernard Esquirol, Filasa’s chief executive officer said in the statement.

“We have chosen to invest in wind-parks in Romania because we are convinced of the country’s potential in renewable energy,” Esquirol said.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.