Friday, November 18, 2011

France’s Filasa to Invest $1 Billion in Romanian Wind Parks

Filasa International, a French privately-held company, plans to invest 780 million euros ($1 billion) in 11 wind-parks in Romania, the company said in an e- mailed statement late yesterday.

Filasa has started work at the parks with a total capacity of 516 megawatts in the north-eastern county of Suceava and has invested 6.2 million euros so far, according to the statement. The company seeks to complete the investments in the next two years, Bernard Esquirol, Filasa’s chief executive officer said in the statement.

“We have chosen to invest in wind-parks in Romania because we are convinced of the country’s potential in renewable energy,” Esquirol said.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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