Filasa Buys Three Wind Farm Projects in Romania, Mediafax Says

Jan. 12 (Bloomberg) -- French closely-held company Filasa International bought three wind farm projects with a total capacity of 400 megawatts in Romania, Mediafax reported.

Filasa may start construction work at the wind farms located in Braila County, in the southeast of the country, at the end of 2013 or beginning of 2014, the Bucharest-based news service said, citing the company’s local lawyer Ernest-Virgil Popovici as saying. He declined to name the sellers of the projects or give the transaction price.

The three projects will require an investment of about 800 million euros ($1 billion), according to Mediafax calculations.

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