Renewables

Vestas sells majority stake in three wind power plants in Romania

power plants Kurbin

Photo: Courtesy of Vestas Wind Systems A/S

Published

September 4, 2019

Country

Comments

comments icon

0

Share

Published:

September 4, 2019

Country:

Comments:

comments icon

0

Share

Vestas has entered into an agreement to sell 80% of its shares in the subsidiaries owning the Romanian wind power plants Pantelimon, Pegasus, and Apollo to a non-disclosed buyer for a selling price of EUR 136 m, the Danish manufacturer of wind turbines has said in a press release.

Three wind power plants have 160 MW of installed capacity.

Closing of the transaction is expected to take place within eight to ten weeks, Vestas said, adding that the transaction is subject to certain closing conditions, including approval by the Romanian Competition Council.

The sale of projects are expected to be recognized as revenue and earnings within the fiscal year of 2019.

Romania has a total wind power capacity of 3 GW.

Vestas designs, manufactures, installs, and services wind turbines across the globe. According to company’s website, so far it has installed 105 GW of wind turbines in 80 countries.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

KKR Greenvolt EUR 150 million capital boost

KKR to provide Greenvolt with EUR 150 million capital boost

01 August 2025 - Greenvolt Group said its majority owner KKR fully subscribed to a EUR 150 million share capital increase, with a focus on battery investments

bulgaria apste solar panels batteries fees recycling prices gazdov

APSTE: High state fees for PV panels, energy storage batteries inhibit electricity price decrease in Bulgaria

01 August 2025 - The government's fees are between five and 10 times higher than the European Union average, according to APSTE

Serbia adopts Just Energy Transition Plan until 2030

Serbia adopts Just Energy Transition Plan until 2030

01 August 2025 - Serbia now has a Just Energy Transition Plan until 2030, with suggestions how to mitigate of the impact of reducing fossil fuel use

New systems protect birds from wind turbine collisions

New systems protecting birds from wind turbine collisions

31 July 2025 - Croatian company Oikon has become a regional representative for three systems that detect the presence of birds and temporarily stop the operation of wind turbines.