ASSET SALE: ​Teasers out for ready-to-build 150 MW Romanian onshore wind project

Austrian real estate investor Austrian Supernova Invest has put up for sale a ready-to-build 151.8 MW Romanian onshore wind project in the south-east of the country.

The Tulcea scheme, which is located 21 km north-west of the Black Sea in the Tulcea region, has already received two of three required construction permits, with its final approval anticipated to be received over Q3 this year.

With the wind project now on the cusp of achieving full ready-to-build status, Austrian Supernova Invest, which co-developed the scheme with local partner SC GEO, has opted to put it on the market, has mandated Kommunalkredit to advice on the process, and has begun circulating teasers this week, according to market sources.

Under current timelines, the seller is projected to be looking for non-binding offers before the end of May, binding offers in July and to sign the SPA with a final bidder in September once the scheme has reached RTB, it is understood.

The project is seen as a potential bidder in one of Romania’s new auctions for 15-year CfDs, with the first edition of the competition forecast to occur within the next few months.

Tulcea has approved grid connection capacity for 151.8 MW based on the use of 23 6.6 MW turbines. However, in order to optimise its production, the facility is designed for three 6.6 MW turbines and 20 6.2 MW units, totalling 143.8 MW of capacity.

It is projected to have an annual production of 500 GWh and a capacity factor up to around 39%.

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