Romanian Ialomita Power, a subsidiary of EDP Renewables, has received the establishment permit for a 264MW wind farm in the Dobrogea region from the energy regulator ANRE, according to economica.net news portal.
EDP holds an 85 percent stake in Ialomita Power and Renovatio Trading, a Cyprus-based energy trader, controls the rest.
The Portuguese utility operates in Romania five wind farms with a combined capacity of 242 MW. The largest one is the Pestera park of 90MW.
Building the farm that is located in Facaeni locality, Ialomita Country, requires an investment over EUR 300 million.
With a favorable incentives scheme in place, Romania has been able to attract large investments in the wind sector, taking the total installed capacities to over 2,100MW.
Wind producers are currently granted two certificates, but the issue of one certificate has been delayed through to 2017, as authorities tried to prevent the overheating of the electricity bills for companies and household consumers.
Representatives of the wind industry warned that the reduction of incentives would drastically reduce the flow of fresh investments in Romania.