CEZ gets EUR 200 mln loan from EIB to finance Fantanele wind farm

Newsroom 20/12/2010 | 14:41

The European Investment Bank (EIB) is lending EUR 200 million to finance the construction of an onshore wind farm in Dobrogea province, north of Constanta County.

The owner of the wind farm is CEZ a.s., an energy holding company majority owned by the Czech state which will implement the project through its fully owned Romanian subsidiaries – Tomis Team and MW Team Invest.

The new wind farm will have a total installed capacity of 347.5 MW. It will be developed at two separate sites located on the eastern and western edges of the village of Fantanele.

The wind farm will supply electricity to the Romanian national transmission grid. The wind farm will comprise 139 turbines with a nominal unit capacity of 2.5 MW.

This loan builds on the EIB’s very good cooperation with CEZ a.s. whereby the Bank is financing projects in the field of energy generation and distribution with loans amounting to over EUR 500 million.