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Energy FARM - Wind & Solar Farm


Wind & Solar


Green Renewable Energy project

located in


Investors Wanted

My associate & co-author of the book, “On the Art of Business”, Abdul Wahab Alfalaij  is one of the principle owners of a Green Renewable Energy project, located in Romania (100% foreign ownership allowed), near the Black Sea, which is a member of the European Union.  Further, Romania is part of all the International Commercial Treaties; investors’ rights are protected by law, and property rights are constitutionally guaranteed.  The land, 1200 Hectare (132,000,000 sq ft), is owned by the company (established in 2008), was purchased in 2008 for 7,200,000.00 Euro.

Romania has a 22 million population and the following natural resources:

Wind, solar, petroleum, timber, natural gas, coal, iron ore, salt, arable land, hydro-power, thermal power, and nuclear power.

Currently, the project, Wind, Solar, and Plantation and Exploitation of Biomass for bio-fuel, is operational and in full compliance with issued permits and contracts, along with studies and a business plan prepared by Ernest & Young.

Proximity to the port of Constanta (40km) is ideal for export of the bio-fuel to international markets. The property is located 10 km from the E60 (European Road 60) the prime connecting road to the other European countries, and 25km to the International Airport.  Similar projects are also situated within the jurisdiction of 3 communities, developed and operated by Czech Republic, Austria and Spain.

Conventional Energy:

Non-Renewable Resources:

International Energy Agency estimate:

– By 2020 Europe will import 70% of its energy

– The oil reserves in Europe will finish in 20 years time

– As will the European natural gas be available only for the next 20 years.

– The energy consumption in 2030 will be 50% higher than in 2003 and the request for oil will be 46% higher.  The oil’s worldwide real known resources can sustain at present consumption level only until 2040 and the one for natural gas only until 2070.

European Union Policies:

“Therefore, European Union has adapted a very strong and aggressive policy which will be implemented and executed by all E.U. members states until 2020 and is based on 3 objectives:

– Durability:  in December 2008 – has been adopted the “Energy Package – Climate Change” – regarding gas emission – GES

– Competitiveness:  adopted in September 2008 by the European Parliament and European Counsel

– Assurance in energy supply – “is targeting the reduction of European Union vulnerability regarding the import of energy in case of interruption of energy supply, world energy crisis and uncertainties regarding the energy supply in the future.”

SOURCE:  “Romanian Energetic Strategy for 2007 – 2020, updated for 2011 – 2020, Romanian Government, Ministry of Environment”.

European Union Legislation:

– Directive 2009/29/CE – for improvement end extension of European scheme for transaction of certificates of gas emission with green house effect – EU – ETS

Directive 2009/28/CE – regarding the renewable energy RES

Directive 2009/31/CE – regarding the geological storage of CO2 (CSC)

Wind Energy:

For producing wind energy, the wind power should be equal to 4m/s at the standard level of 10m above the ground level.

According the Romanian Environment Ministry – the wind equal to 4,/s and even superior in value can be found in Central Hills Area and especially in the area where the land owned by the company is situated.

Romania : advantages in developing renewable energy projects

Strategic location, part of European Union energy market.

Big market consumption of electricity.

Has all the necessary infrastructure to export energy to Europe through Bulgaria, Hungary and Ukraine.  Romania has signed treaty with Turkey to build a transportation cable for electricity under the Black Sea.

From 1 July 2006 Romania is signatory part of the Energetic Community Treaty for S-E Europe – in order to create a regional network.

From August / November 2010 is signatory of the interconnecting network agreement of SEN with Bulgaria and Hungary.

Extremely attractive supportive legislation regarding renewable energies 55% higher than France and 37% higher than Poland.  As per the information published by Energias de Portugal, “in France per each MWh producers receive 88.3 euro, in Belgium 112 euro, in Poland 99.7 euro, in Romania the producers receive for wind energy 136.6 euro for each MWh delivered to the grid.”

Romanian Legislation:

Law 220/2008 updated by Law 134/2012 and by OUG from 17 June 2013 – regarding the promoting of producing the by using renewable energies.

The law is setting the following facilities:

– for energy produced by using WIND power, each producer will receive one green certificate per 1 MWh as subsidy form the Government for 15 years from the date of starting the production and from 2017, the producers will receive as bonus the equivalent of another 1 green certificate per 1 MWh.

For energy produced by using SOLAR power, each producer will receive 4 green certificates per 1 MWh if the solar power parks are installed before of 2013 and the equivalent of 2 green certificates per 1 MWh – for will be given starting with 2018.

Law 123/2012 – law of electricity and natural gas.

Length of procedure for operating a wind or solar park to produce energy by using renewable resources:

– as per the law requirements and business complexity, currently wind/solar energy investors in Romania are required to obtain some 85 permits and authorizations in order to start a project.  Because of strict E.U. safety requirements, local authorities are requesting at least 30 days to reply, which means it takes 2 to 3 years to pass from the initiation phase of a project to implementation (our company already has passed this stage).

– Please find below the typical stages (the main stages) in developing and implementing a wind / solar energy investment project:

– Identification of the wind farm location.

– Obtaining the ownership right of the land.

– Registration of files with the Romanian Land Register.

– Installing the measurement towers for performing 1 year of wind study.

– Performance of the geotechnical sturdy.

– Performance of the pre-feasibility study.

– Development and authorization of the PUZ (Plan for Urban Zoning).

Length of procedure for operating a wind or solar park to produce energy by using renewable resources:

– Performance of the feasibility study.

– Performance of the study on the electrical solution (choice of the location of the grid connection).

– Development of the wind park – drafting the building plans.

– obtaining the project permits and authorizations:

  1. Urban Planning Certificate – approved by the local council.
  2. Building Permit.
  3. Environmental impact report. This stage includes public consultations – minimum 6 months legal term.
  4. Certificate showing that the turbines are not located in the areas that overlap with bird migration corridors.
  5. Obtaining the civil aviation permit.

The Company has performed all stages until now using European Union certified companies, including the wind study for 12 months which was performed by EMD of Denmark.

Status of the Company’s Projects:

– Company has performed all the studies required and have obtained all the approvals required by law up to the final approval of connecting the national grid – AThe TR  – Technical Connection Permit and the connecting permits.

The ATR – is issued by ANRE (Romanian Energy Regulatory Authority) and /or by Enel – and is valid for 25 years provided that within 3 or 6 months (depending on the voltage of the electical lines) of the issuance of the permit, the connection fee is paid.

– The connection fee represents the value of the connection works; hence the value is substantial.

– Once the financing of the project is secured then the Company will request the government to connect to the grid, which , by law can not take longer than 30 days form the date of submitting the file.

Romanian Energy Market:

– The Romanian energy market is regulated by ANRE – Romanian Energy Regulatory Authority.

– The Operator of the energy market is OPCOM SA – which is daily publishes on its website all the energy transactions, prices and volumes.

– The energy produced can be sold in 3 ways:

  1. By means of bilateral contracts, to electricity suppliers or eligible consumers.
  2. By means of bilateral contracts concluded with electricity distribution / supply companies that have concluded exclusive concession agreements and are legally bound to purchase E-RES from producers connected to the distribution networks of the territory provided in the license, for a price regulated by ANRE and at the request of the respective producers.
  3. On the day – ahead market (DAM)

The Green Certificates (GC)

– The GCs system benefits energy producers that use renewable energy sources.  Wind energy is considered a renewable energy source.  And it is a subsidy paid direct in the account by the Government to the producers of green energy.

– Currently there are 2 dedicated means of trading GCs:

  1. The bilateral contracts market.
  2. The centralized market.

– The trading price on both markets is negotiated and may be set between the minimum and maximum benchmarks (established by law) and is now Euro 27 and EUR 55.  By law the maximum level can be modified as per the market request.

– On the bilateral contract market the participants negotiated and execute transactions based on a sale / purchase framework agreement issued by ANRE.  Transactions on the centralized market are entered into a monthly basis.  The centralized market is operated by POMCOM.  The transfer of GCs (on either of the markets) is registered in a registry dedicated to GCs. GCs are issued by the state-owned TSO (Transelectrica SA, transport and system operator) based on the amount of energy produced in the previous month.




James H. Merkel


World International Nexus


January 2017

Country Romania
State/Province Județul Brașov
distance: 3,518 Miles
Address Romania
Category ,