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EBRD Considers Lending $61 Million to Romanian Wind Farm Project

Oct. 16 (Bloomberg) -- The European Bank for Reconstruction and Development may provide a 47 million-euro ($61 million) loan to a wind farm project in Romania, the lender said in a statement on its website today.

The London-based bank plans to help finance a 40-megawatt wind park in the southeastern region of Dobrogea, owned by a local unit of Spain’s Grupo Empresarial Enhol SL, according to the statement.

The project is expected to start operations by the end of 2013 at a total cost of about 70 million euros.

Its ownership will be transferred later to Spain’s Gamesa Corporacion Tecnologica SA, according to the EBRD.

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

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