Switzerland's Axpo to develop 250 MW of wind farms in Romania

Swiss renewable power producer Axpo said on Tuesday it plans to develop two wind farms with a total installed capacity of 250 MW in Romania.

The two wind farms will feature a total of 38 turbines and will produce 750 GWh of electricity per year, equivalent to the power consumption of around 375,000 Romanian households, Axpo said in a press release.

Construction is expected to commence at the end of 2023 in locations about 100 km north-east and 200 km east of capital Bucharest, respectively. Axpo will work closely with its local partner Aquarius Energy Developments to complete the project.

The expansion of wind energy in Romania will also create employment across the entire project development value chain, from land acquisition to plant commissioning and operation management, Axpo added.

The company also said it is pursuing a niche strategy directed primarily at markets that are not yet the focus of large wind energy developers, such as Romania, where there is a strong demand for additional renewable capacity. The local market also has a high level of acceptance of renewable energy, good wind conditions, and few restrictions in the planning process.

"Like the main markets of Germany and France in which we have been successful for many years, Romania holds enormous potential for the development of wind farms," Iulian Alexe, responsible for Axpo's wind power business in Romania, said.

Axpo is Switzerland's largest producer of renewable energy and an international leader in energy trading and the marketing of solar and wind power. It employs over 5,000 and has customers in over 30 countries across Europe, North America and Asia.

Aquarius Energy Developments Aquarius was established in July 2021, with a mission to identify and select profitable onshore wind and solar projects. The company has reached a portfolio of circa 2 GW of works under development and sale to date.

(1 euro=4.9459 lei)

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