Romanian wind farm investor that is currently bankrupt, has obtained creditors’ approval to start the process of building a 500MW energy generation capacity that will include gas-fired turbines, wind turbines, and a hydrolysis-based hydrogen production plant.

According to Profit.ro, the company’s management stated that it proposed to the government to fund the project through the Relaunch and Resilience Program (PNRR).

The project is located in Romania’s eastern region, close to Europe’s largest offshore wind farm, Cogealac.

Eolica Dobrogea’s sole shareholder is C-Tech SRL, which is also bankrupt and is 50:50 owned by Eolica’s founder, Corneliu Dica, and Andreea Ceausescu. Ceausescu & Partners SRL, a consulting firm, is the unique (court-appointed) administrator of Eolica Dobrogea.