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.”



Trachte Inc._id1770
Latest Top Stories

Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995