Energo Continent, controlled by Romanian investors, will develop a 180 MW wind farm in the southern part of the Republic of Moldova. The investors claim that their wind energy project will be able to cover 15% of the electricity demand in the country.
The
wind turbines project is not new but the Romanian investors approached
Moldovan prime minister Ion Chicu for getting confirmation whether their
project fits into the country’s energy strategy or not. According to
the Government of Moldova, the developers informed the prime minister
about the stage of the work and mentioned that, in order to continue
financing and implementing the project, they need confirmation from the
central authorities that this project is necessary and that it is part
of Moldova’s Energy Strategy.
The project was launched in 2010 in
collaboration with InfraVentures Investment Fund, operated by the World
Bank’s division IFC. Company representatives claim that the project can
become operational in 2022.
According to public data, Energo
Continent is 100% owned by offshore firm R.G. Renovatio Group,
indirectly controlled by Romanian businessmen Lucian Badescu and Silviu
Bogdan Mihalcea-Calinescu. Renovatio Group has previously developed
renewable energy projects in Romania.
