Emanuel Muntmark-Owned Firm Takes EUR68M Loan For Wind Farm
A company owned by businessman Emanuel Muntmark, Ewind Constanta, took out a EUR68 million loan from Erste Bank, to fund the construction of a wind farm in southeast Romania, people close to the matter told MEDIAFAX.
“The wind farm is set for completion in summer next year, and it will have an installed capacity of 150 MW,” the sources said.
The overall investment might reach more than EUR250 million.
Ewind has a share capital of 600,000 lei (EUR138,000) and it is 80% owned by Cyprus-registered Pronergy Investments.
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