Axpo signs PPA for 600 MW Fântânele-Cogealac-Gradina wind project in Dobrogea

Axpo has signed a long-term power purchase agreement (PPA) with CEZ’s Fântânele-Cogealac-Gradina wind farm, part of Macquarie Asset Management’s energy portfolio in Romania.

The 7-year deal with CEZ’s onshore wind farm is Axpo’s largest in the region to date and covers more than 4 terawatt-hours (TWh) of electricity production. Axpo will hedge approximately 50% of CEZ’s combined installed capacity of 600 megawatts (MW) from the three wind farms owned and managed by a Macquarie Asset Management long-term infrastructure fund.

The plants are located in Dobrogea, close to the Black Sea.