Bloomberg is reporting that a Spanish company will be building the world’s largest wind farm in Romania. Romania’s current energy production system is well suited for wind power, hopefully neighbouring countries will follow Romania’s lead.
Iberdrola SA won approval to build the worldâ€™s largest onshore wind-energy project in Romania, requiring at least $2 billion in investment through 2017.
The Spanish utility said today it acquired rights from the Romanian government to build 1,500 megawatts of capacity. Thatâ€™s almost five times the power coming from Europeâ€™s largest wind complex and triple whatâ€™s proposed offshore Massachusetts in a project opposed by the late U.S. Senator Edward Kennedy.
Iberdrola, which became the worldâ€™s biggest wind-farm owner by using government incentives and charging above-market electricity rates for clean energy, now operates in 10 markets including the U.S. and U.K. The Romanian mega-park, near its operations in neighboring Hungary, may extend the Spanish companyâ€™s lead over second-ranked wind producer FPL Group Inc. of Florida.