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China - Over half billion dollars to invest in the Romanian Renewable Energy field

China - Over half billion dollars to invest in the Romanian Renewable Energy fieldRecently, during the visit of an official Chinese delegation to Bucharest, headed by China’s Prime-Minister, at the Victoria Palace was signed an agreement in the amount of 541,2 million dollars between Ming Yang Wind Power Group and the local company Romanian Paunescu Corporation, which belongs to businessman Bobby Paunescu.

The agreement aims at building a large wind farm, ie a capacity of 200 MW, nearby Vaslui and Husi, entirely financed by the Chinese group. The Romanians would have to ensure the infrastructure for the work and the project it is expected to be made using 2 MW Ming Yang wind turbines.

When signing the contract, Paunescu said the wind farm will be build in the Moldavian region in less than a year and will create over 1.300 new jobs in that area. Moreover, Chinese Group Ming Yang Wind Power will continue the investment line in Romania in other fields too, such as agriculture, primarily in animal breeding and biomass production.

Source: Recharge News

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