Romania’s BCR Bank Lends 23 Mln Euro to Portugal's Martifer for Wind Power Project

BUCHAREST (Romania), April 27 (SeeNews) – Romania’s Banca Comerciala Romana (BCR) said on Wednesday it has lent 23 million euro ($33.8 million) to Portuguese group Martifer for the development of a 42 megawatt wind park in southeastern Romania.

"Renewable energy has a great potential, which we would like to finance. Romanian could become a regional leader in the energy sector, especially in renewable energy," BCR’s corporate vice-president Wolfgang Schoiswohl said in a statement.

BCR is majority owned by Austria's Erste.

Martifer is currently developing wind farms in the Romanian villages of Babadag and Casimcea, according to its website.

Romania’s potential in wind energy generation is considered the highest in southeastern Europe. Romanian wind energy association RWEA said earlier this year it expects the installed capacity of the country's wind farms to reach 4,014 megawatts by end-2013 from 468 MW at the end of last year.

($=0.681 euro)

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