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EBRD moots EUR 68 mln loan to STEAG for Romanian wind farm

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The European Bank for Reconstruction and Development (EBRD) is considering providing a EUR 68 million loan to Germany’s STEAG, the electricity provider, which plans to build a 108MW wind farm in the Dobrogea region of Romania.

STEAG is the first big player that resumes wind investments following the government’s decision to change the incentives system for some renewable generators starting July.

The wind sector has been booming in the last four years on the back of a generous support scheme, reaching 2,163MW of incentivized wind capacities by June.

Source: http://business-review.eu 14 August 2013