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March 29, 2023

Romstal plans to invest in wind energy

The Romanian group Romstal, dealing mainly in building materials, has long-term plans to develop an agricultural farm and a wind farm of 30-50 MW in the Constanta County, where it owns several thousands of hectares, with power sales due to account for a quarter of the group’s sales in the future, Mediafax reports. “The production of sustainable energy has a future and will bring a reasonable income over a medium and long term. Within 10 years, we would like it to account for 20-25 pc of the group’s incomes,” said the majority shareholder in the group, Enrico Perini.

Romstal already began a pilot project of 300 kW in Galati, due to become operational 2-3 months from now, upon investment worth EUR 350,000, and now the group is waiting for the clearance to start the Constanta project. “Apart from the EUR 7-8 M we already spent to purchase the land, the project in Constanta will need some EUR 10 M in total for the wind turbines and will have an installed power of 6-7 MW. Unfortunately, we have been blocked by still <> reasons for about a year,” said the businessman.

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