Enel Green Power to raise wind energy capacity in Romania to 400 MW

With Romania’s new renewable incentive package, Italy’s Enel Green Power (BIT:EGPW) will speed up investments and plans to raise its installed wind farm capacity to 400 MW by the end of 2012, CEO Francesco Starace told Italian agency Radiocor Thursday.

Earlier this week Romania approved a package to support renewable energy development based on green certificates. As regards wind power generation, the new legislation provides for two green certificates per every MWh a company generates.

Enel Green Power plans to raise its installed wind turbines capacity from 100 MW now to 300 MW by the end of 2011 and to over 400 MW by the end of 2012, Starace said. The 400 MW are some EUR 550 million (USD 757.8m) in terms of value, the manager added.

Enel Green Power is the Enel Group company devoted to the development and management of power generation from renewable sources at the international level, with a presence in Europe and the Americas. It is among the industry leaders worldwide thanks to its approximately 22 billion KWh generated from a well balanced energy mix inclusive of water, solar power, wind energy and geothermal energy sources.

This is enough to meet the energy needs of about 8 million households and avoid the emission of more than 16 million tons of CO2 into the atmosphere. The company’s installed capacity exceeds 6,100 MW, produced by more than 620 plants in operation around the world, with a generation mix that includes wind power, solar energy, hydro, geothermal energy and biomass.