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.”


IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

JLG_id1900
Acciona_id1907
WomenofWind_id
UEA_id1896
AWEA_id1886
bonfiglioli_id1913