Fantanele, Romania – Yesterday (1st June) at 5:25 pm. of the local time, the first of a total of 240 wind turbines was commissioned in the project of the largest European wind farm Fantanele – Cogealac which is under construction by the CEZ Energy Company in the Romanian province Dobrogea.
Bucharest – Today, in the presence of Mr. Varujan Vosganian, Ministry of Economy and Finances, CEZ Group and the Romanian companies Termoelectrica and Electrocentrale Galati have signed the Memorandum of Understanding for Galati project.
Prague, August 27, 2008 – Yesterday evening, CEZ Group, the leading CE power utility, and Continental Wind Partners LLC, a major renewable power developer, concluded the sale of CWP’s adjacent Fantanele and Cogealac wind farms in Romania to CEZ. The two projects will together be the largest onshore wind farm in Europe, with a total capacity of 600 megawatts, approximately double the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest current operational wind farm in Europe. The total investment of the CEZ Group into the project will reach € 1.1 billion.
The ČEZ Group is proposing that the Czech Republic utilise part of its emission credits, assigned according to the Kyoto Protocol, to design and build a CO2 capture and disposal storage unit into geological structures (CCS – Carbon Capture and Storage technology). One such suitable locality might be the Ledvice power plant in Northern Bohemia
CEZ power engineering company performed as of 31. 10. 2007 re-financing of the Polish Elcho power plant company to bring it in a better accordance with the long-term financial strategy of the CEZ Group and also to support the synergic effects in the form of financing costs savings.