Engie Romania buying 80 MW wind farm in Constanta

The acquisition marks an important step in Engie's expansion into renewable energy in Romania and will almost double its existing 98 MW green power generation capacity in the country, Engie Romania said in a press release earlier this week. The price of the deal was not disclosed.

The Chirnogeni wind farm is expected to generate around 180 GWh of electricity per year, which is enough to power approximately 90,000 households. The transaction is expected to be closed in the first quarter of 2024.

"This investment strengthens the company's presence in the green energy sector and makes an essential contribution to achieving our objectives of having an installed renewable energy production capacity of 1,000 MW by 2030," said Cristian Buzan, deputy director general at Engie Romania.

GDF International owns 50.994% of Engie Romania, the Romanian state through the energy ministry holds 36.996%, Fondul Proprietatea owns 11.998% and the rest is under the control of several communes and cities. In December 2023 Fondul Proprietatea announced it was in the process of selling its shares to the majority shareholder, GDF International, for 432.6 million lei ($94.4 million/86.9 million euro).

(1 euro=4.97697 lei)