CWP Cyprus invests a massive 1bn euros in wind power

Investments in wind power projects have amounted to 1.5 billion euros since the beginning of the year, while previously they did not exceed 50 million euros, with just 22 functional projects. CWP Cyprus and businessman Emanuel Muntmark are set to invest, through M.W. Team Invest and Tomis Team, one billion euros in the construction of a wind farm in Dobrogea (South-East Romania), with an installed capacity of 335 MW. “The ultimate value of the wind farm will be around one billion euros, following the scheduled investments. This sum will include external funds,” said market sources. The two wind farms, one with an 85 MW capacity, located in Fantanele de Sud, and another, with a 250 MW capacity, in Fantanele de Vest, are already on the list of companies pending authorisation from the Romanian Energy Regulatory Authority, with the approval expected as early as next week.