EBRD Considers Lending $61 Million to Romanian Wind Farm Project

The European Bank for Reconstruction and Development may provide a 47 million-euro ($61 million) loan to a wind farm project in Romania, the lender said in a statement on its website today.

The London-based bank plans to help finance a 40-megawatt wind park in the southeastern region of Dobrogea, owned by a local unit of Spain’s Grupo Empresarial Enhol SL, according to the statement.

The project is expected to start operations by the end of 2013 at a total cost of about 70 million euros.

Its ownership will be transferred later to Spain’s Gamesa Corporacion Tecnologica SA (GAM), according to the EBRD.

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