CEZ and Continental Wind Partners LLC (CWP), an important renewable energy project developers, have finalised the sale of two wind power units owned by CWP at Fantanele and Cogealac.
"CEZ says in its press release that this wind farm will strengthen the company's position in Romania and expand its energy generation business. The project has won all the necessary approvals, including guaranteed access to the energy grid, and the hardware needed for the first stage of the projects has been fully contracted.
CWP will manage the construction of the wind farm and the construction works are expected to be carried out by famous international constructors. All the technical details of the project (transformers, cables, etc.) are secured for the works and arrived on the site in time for the works to begin on schedule.
CEZ is a leading energy distributor in Europe, with almost seven million clients and a portfolio of installed power in excess of 14, 3000 MW. Its market capitalisaton is put at over 30 billion euros.
CEZ shares are floated on the bourses in Prague and Warsaw. Besides its main establishment in the Czech Republic, the CEZ group is also operational in ten Central and South-Eastern European countries.
In Romania, CEZ distributes and supplies electricity to 1.4 million users.