Czech energy group CEZ signed a 262 million euro loan for the construction of a wind power park in Dobrogea, South Romania. With a designated capacity of 600mw, the park will represent the biggest of the kind in Europe.

The loan is guaranteed by the German Export Credit Agency Hermes, a press release of the company reads, quoted by Romanian news agency NewsIn. On the other hand, the group plans to install the first wind power turbine of the project and by next year, it will deliver the first mwh in the system.

Currently, in Romania wind turbines have a 8 mw power. The group builds the biggest wind power park in Europe, in Fintinele and Cogealac towns, located in the north part of Constanta, South East Romania and some 17 km away from the Black Sea.