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Deutsche Bank negotiating funding wind power project developers in Romania

Deutsche Bank is currently conducting talks over the building of renewable energy facilities with an installed power of some hundreds of MW in Romania, daily Cotidianul reports on Thursday.

'We are now negotiating with several investors to build some facilities in Romania that will use renewable energy: wind, water, biomass and sun. It is about several projects for several facilities. Deutsche Bank will be a co-investor,' says head of the Deutsche Bank Renewable Energy Investment Division Alberto Pisanti.

Pisanti did not offer details about the companies involved in the negotiations, but he smentions the bank is interested in any waterpower project that will provide 100MW and in sun power projects that deliver at least 50 MW.

Ziarul financiar says Deutsche Bank is interested in contributing capital and know-how toward local projects, in exchange for share holdings, and even in trading electricity thus generated.

'Romania is a key market to the development of Deutsche Bank as far as renewable energy projects are concerned. We are already conducting talks with several investors for funding wind power projects with capacities of between 50 and 100 MW. We are interested in long-term investments, so we are not looking only for projects to fund that we later sell out. We will only get associated with the companies that have experience in this area,' says Pisanti.

According to the Deutsche Bank official, besides the sun power projects, investment in water power facilities of high capacity and for the production of electricity from waste is also high on the lists of the bank's interests.

After the facilities are built, the next step for the German bank will be to start up a trading business. 'Once the projects for the production facilities are completed, we will be interested in approaching the electricity trading segment,' says Pisanti, who cannot provide a deadline for the finalisation of the facilities.

'We have so far developed in Poland, Spain, Italy and Greece because of an excellent regulatory mix and weather conditions that favour such investments. Our attention now is focused on South-East Europe, and Romania is a very interesting country as far as investment in renewable energy is concerned,' says Pisanti.

Deutsche Bank's entering the Romanian electricity market is occurring at the same time with various other international financial institutions having taken similar steps to the same direction. Merill Lynch has won an electricity supply licence and Royal Bank of Scotland, already operating in Romania, is expecting this year an electricity trading volume of 0.5TWh, double the 2007's figures, which would give a business turnover of some 25 million euros.

Sursa: http://www.rompress.ro

Tags: projects power deutsche electricity pisanti energy romania renewable facilities

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