Enel plans new wind farms in Romania, no interest in buying minority packages from Fondul Proprietatea

Enel Green Power, the renewable energy arm of energy company Enel, plans to add some other 180 MW to its Romanian wind power network, taking its total installed capacity to some 450 MW, according to Francesco Starace, the company’s General Manager. The value of the investment was not announced.

Enel Green Power invested EUR 330 million last year in wind farms in Romania, from EUR 75 million in 2010. Its total installed capacity in the country will rise to 292 MW, after the completion of the wind farm in Moldova Noua. In separate news, the Enel Group has announced that it is not interested in buying from Fondul Proprietatea the minority packages of shares the fund holds in the Italian Group’s subsidiaries in Romania, according to Fulvio Conti, Enel President, quoted by Mediafax. Fondul Proprietatea recently announced a wish to sell its stakes in several energy companies in Romania, where it controls minority packages. The total value of these holdings is EUR 527 million, or 15 percent of the fund’s net asset value. Fondul Proprietatea, managed by the US group Franklin Templeton and floating on the Bucharest Stock Exchange since 2011, aims to sell its share packages in several companies, where its stake varies between 12 and 24 percent: E.ON Moldova Distributie, E.ON Gaz Distributie, E.ON Energie Romania, Enel Distributie Muntenia, Enel Energie Muntenia, Enel Distributie Banat, Enel Distributie Dobrogea, Enel Energie, GDF Suez Energy Romania, Electrica Distributie Muntenia Nord, Electrica Distributie Transilvania Nord, Electrica Distributie Transilvania Sud, Electrica Furnizare. Read more about it here. Irina Popescu, irina.popescu@romania-insider.com (photo source: Sxc.hu)