The project is evaluated at 1.1 billion euros and CEZ is currently negotiating with the European Investment Bank (EIB) for a 200 million euro loan.
The park will be situated in the areas of Fantanele and Cogeleac in the southeastern region of Dobrogea, 17 kilometers from the Black Sea. Construction is due by the end of 2010.
The wind power park will account for around 30 percent of the country's renewable energy, including hydro energy. Romania currently produces only 7KW from wind power.
The construction of the wind power park will be administered by Continental Wind Partners (CWP).
