Energo Windprod Receives Approval for 114 MW Wind Farm Expansion in Romania

Alerion Clean Power SpA has received authorization for the construction of a 114 MW wind farm in Romania's Dobrogea region, completing a project with three neighboring plants totaling 336 MW. The project, expected to generate around 1,100 GWh annually and an annual EBITDA of EUR 85 million, is set for production by 2027. Alerion's stock dipped slightly after the announcement.

Alerion Clean Power SpA, an Italian holding company primarily engaged in the utilities industry and renowned for its renewable energy generation, recently announced the acquisition of permits for the construction of two more wind farms in Romania [1]. With a combined capacity of 114 MW and 108 MW, these projects form part of a larger undertaking, which includes three neighboring wind farms, totaling approximately 336 MW.

The new wind farms are expected to be located in the territories of Crucea, Saraiu, and Vulturu, in the Dobrogea region [1]. The construction permit for the third wind farm is anticipated to be obtained by the end of 2024. Once completed, these wind farms are estimated to come into production in 2027 [1]. The combined annual output of these wind farms is projected to reach approximately 1,100 GWh, generating an estimated annual EBITDA of around EUR 85 million [1].

Alerion Clean Power's expanding presence in Romania aligns with the global trend towards increased investment in renewable energy. For instance, Iberdrola, a leading global energy company, recently obtained final environmental authorization to construct Portugal's largest wind farm, with a capacity of 274 MW [2]. This project, also located in a neighboring country, underscores the growing importance of renewable energy in the European energy landscape.

Despite the positive developments surrounding Alerion Clean Power's wind power expansion, the company's stock experienced a slight dip following the announcement [1]. This reaction could be attributed to various factors, including market sentiments, investor expectations, or the overall economic climate. However, the company's long-term prospects appear promising, with renewable energy expected to play an increasingly significant role in the global energy mix.

In conclusion, Alerion Clean Power's 336 MW wind power expansion in Romania represents a significant step forward in the company's commitment to renewable energy generation. With the expected production of approximately 1,100 GWh annually and an estimated annual EBITDA of around EUR 85 million, this project is poised to contribute positively to Romania's renewable energy sector and the global transition towards a cleaner, more sustainable energy future.

References:
[1] Alliance News. (2024, February 6). Alerion accelerates growth in wind power sector in Romania. Retrieved from https://www.marketscreener.com/quote/stock/ALERION-CLEAN-POWER-S-P-A-76178/news/Alerion-accelerates-growth-in-wind-power-sector-in-Romania-46704152/
[2] Iberdrola. (2023, December 21). Iberdrola obtains final environmental authorisation to build Portugal's largest wind farm. Retrieved from https://www.iberdrola.com/press-room/news/detail/iberdrola-obtains-final-environmental-authorisation-to-build-portugals-largest-wind-farm