MILAN (Reuters) - Italy’s biggest renewable energy company, Enel Green Power (EGP), has started a 34 megawatt wind farm in Romania, aiming to expand the country’s rapidly growing green energy market, it said on Monday.
The Agighiol plant, EGP’s first wind farm in Romania, will produce about 100 million kilowatt hours of power a year, enough to meet demand of more than 35,000 households and cut carbon dioxide (CO2) emissions by 70,000 tonnes a year.
“We have a good list of projects that are entering the construction phase and will substantially increase our presence in the country in the next two years,” EGP Chief Executive Francesco Starace said in a statement.
Increasing capacity helped EGP, which is controlled by Italy’s biggest utility Enel, to post a 5.6 percent rise in core earnings in the first nine months of 2010.
Romania’s installed wind capacity is expected to rise to 600 MW in 2010 from 14 MW at the end of 2009 and to increase to a total of about 3,600 MW by 2015, EGP said.
Reporting by Svetlana Kovalyova; Editing by Alison Birrane