Verbund AG has said it is investing “several hundreds of millions of Euros” in a new wind park in Romania.
The Austrian energy sector giant – which started the construction in Casimcea in March – explained the site should generate electricity from next year. Up to 170,000 households will be provided with power when the wind farm operates at full scale, the Viennese firm added.
Around 610 gigawatt hours (GWh) of electricity will be produced each year at the site consisting of 77 wind turbines, according to Verbund which is cooperating with a businessman and an Italian company in constructing the wind park.
Verbund is Austria’s leading electricity provider. It is quoted on the Vienna Stock Exchange (WBAG). The Republic of Austria holds a 51 per cent interest in the company headed by Wolfgang Anzengruber. Verbund achieved a turnover of 3.3 billion Euros last year, around five per cent less than in 2009.