Chinese bank interested in financing wind farm projects in Romania

The Chinese Development Bank (CDB) has announced its interest in financially supporting wind farm projects in Romania. Wang Tieshan, the People’s Republic of China general consul in Constanta, said that the bank was prepared to help Chinese companies invest in the Romanian wind power sector.

“A delegation of wind energy exploitation experts will come to Romania this month to take the first necessary steps in order to make investments in this

field. The companies are backed by the CDB which is to finance the projects,” said the Chinese official.

He added that the wind farm building projects are currently at the feasibility study phase and the targeted area is Tulcea, in south-east Romania.

Tulcea is among the counties considered to possess the highest potential for wind power, and both Romanian and foreign companies are in the process of submitting applications in order to set up 70 wind farms with 1,703 wind turbines.

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