Iberdrola reiterates its wind and nuclear energy plans in Romania

Newsroom 08/09/2010 | 16:36

Ignacio Galan, the president of Spanish energy company Iberdrola met with Romanian economy minister, Ion Ariton to talk about plans to develop the company’s wind and nuclear portfolio in Romania.

According to Platts news, Iberdrola has been given the go-ahead by Transelectrica, Romanian power grid operator to connect 1,500 MW of wind power from several wind farm which are to be built in Dobrogea between 2011 and 2017.

Iberdrola is also participating in a consortium made of Nuclearelectrica, Enel, RWE, Electrabel, CEZ and ArcelorMittal to build units 3 and 4 of the Cernavoda nuclear power plant.

Iberdrola has also obtained a trading license this year from the Romanian energy regulator, which allows it to trade in the Romanian and Hungarian markets, and with Greece through the Bulgarian market.

Currently, Iberdrola operates a wind power portfolio of around 4,500 MW in Poland and Hungary and is developing projects in Estonia and Bulgaria.