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Romania s new wind power storage project

Copenhagen Infrastructure Partners (CIP) has announced that Radramo Power, which is developing the 396MW Pestera II onshore wind project, has secured a contract for difference (CfD) for 245MW of its capacity. The project, located in Constanta, southeast Romania, offers a capacity of up
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About Romania s new wind power storage project

About Romania s new wind power storage project

Copenhagen Infrastructure Partners (CIP) has announced that Radramo Power, which is developing the 396MW Pestera II onshore wind project, has secured a contract for difference (CfD) for 245MW of its capacity. The project, located in Constanta, southeast Romania, offers a capacity of up to 396MW.

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6 FAQs about [Romania s new wind power storage project]

How will the EIB support a new wind farm in Romania?

The European Investment Bank (EIB) is committing up to €30 million to a major wind-power project in Romania, accelerating the country’s green transition and energy independence. The EIB support will co-finance a planned second onshore wind farm in Pestera, a village near the city of Constanta on Romania’s Black Sea coast.

Will wind farms increase power supply in Romania?

Wind farms could contribute with 13 GW to the national power generation capacity by 2020. Between 2009 and 2017, total wind farm capacity will comprise 4,000 MW with investments of US$5.6 billion. Additionally, potential offshore wind farms may increase supply.

Will Romania support offshore wind power in 2020?

Romania passed a law in November 2020 to support offshore wind power. The Black Sea 1 farm is planned with a capacity of 500 MW and Black Sea 2 farm is planned for 1,400 MW to be built in 2027-28. By 2021, wind power had risen to 17% of total installed power generation capacity and 13% of total power generation.

When did Romania start using wind power?

Wind power in Romania started in 2009 with an installed capacity of 14 MW. As of the end of 2016, the total cumulative installed capacity had increased to 3,028 MW.

Will Pestera II boost Romania's energy independence?

“We expect that Pestera II will deliver long-term affordable power that strengthens Romania’s energy independence and supports the country’s decarbonisation goals,” said Radu Gruescu, Partner at CIP. “Beyond that, we look to expand CIP’s presence in Romania’s energy transition with further investments.”

Will CIP expand its presence in Romania's energy transition?

“Beyond that, we look to expand CIP’s presence in Romania’s energy transition with further investments.” CIP is the world’s largest dedicated fund manager for greenfield renewable-energy investments, with expertise in offshore and onshore wind, solar photovoltaic (PV), biomass and other forms of sustainable energy.

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