Romania’s Wind Industry May Attract More Investment

Romania may attract more investors in wind farms this year and in 2014 because of government incentives, according to Monsson Group, the biggest wind-park developer in the country.

Monsson, a privately-held company, has wind projects of about 2,400 megawatts in Romania, out of which 1,700 megawatts already got approval from the local power grid operator, Arne Osborg, the group’s chairman, said in a presentation in Bucharest today. The group has sold projects with combined capacity of about 850 megawatts, including to CEZ AS (CEZ), and built 818 megawatts, according to the company’s presentation.

“There’s a window of opportunity and anyone who hasn’t invested or committed to building these projects should consider doing so quite quickly, because otherwise they might miss this window and as time goes by, profitability increases automatically without any regulator having to change any laws,” Osborg said.

Romania is attracting investors including GDF Suez (GSZ) SA, CEZ and Enel SpA (ENEL) because of its renewables incentive program, which grants green certificates for energy produced from renewable sources that power distributors must buy. The country’s installed capacity may double in two to three years from 2 gigawatts at the end of 2012, Osborg said.

“The Romanian wind sector is very attractive and the growth outlook, wind conditions, regulation, grid make this sector one of the main investor targets globally,” Osborg said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

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

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