BIG Energia Holdings, a subsidiary of the Israeli BIG Shopping Centers Group, has obtained all the necessary permits for the development of a a 96.9 MW wind farm in Braila county, eastern Romania.
According to the group, the investment in the project is estimated to between 78 and 80 million euros. BIG Energia Holding bought the project company behind this project in late 2021 for a sum of around 7 million euros.
In June, BIG Energia Holdings has agreed to acquire 100 % of a Romanian company which owns rights in a wind project in an advanced stage in Tulca, Romania. The project is planned to include 20 turbines with a capacity of 6 MW each and is expected to produce 384 GWh of electricity per year. This is a gradual transaction, subject to milestones and subject to conditions precedent. In the first phase, the subsidiary will pay 9 million euros, for the purchase of shares and development of the project until the construction permits are received, which will be paid according to the pace of development of the project the construction permits are received. The cost of developing the project is expected to amount to 135 million euros.