ABB_id2059
in News Departments > FYI
print the content item

GCube, a provider of underwriting services for renewable energy projects, says it will insure EP Global Energy's development of an 80 MW wind project in Chirnogeni, Constanta, Romania. The project, which will use Nordex N90 2.5 MW turbines, is supported by a number of financial institutions, including the European Bank for Reconstruction and Development.

According to GCube, markets in eastern Europe are showing increased promise for wind energy development after the recent slowdown in western Europe. In recent months, this has led to increased investor confidence and “bankability” in the region, according to GCube.

“There seems to be little doubt that within Europe, the focus for 2013 will be set on looking to the east,” says Fraser McLachlan, CEO of GCube. “While we have seen some instability in the political support for renewable energy in some regions, Bulgaria’s recent announcement of renewed plans for green energy, and increasing certainty in the Romanian market, have shown significant promise - something that ultimately will ensure that the next 12 months are a little more favorable to investors.”


IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015