EBRD lends €32 million for construction wind farm in Romania

Green Forum
The European Bank for Reconstruction and Development (EBRD) will lend €32 million, as part of a €291 million financing package, to build and operate a 192 MW onshore wind farm in Romania, the first phase of a large wind farm with a total capacity of 461 MW to be built in Buzau region in the southeast of the country.

The remainder of the financing for the Vifor wind farm will come from other financial institutions. 
The wind farm will be owned by First Look Solutions S.A., a Romanian special-purpose vehicle jointly owned by Prague-based Rezolv Energy SA and London-based Low Carbon, both investment companies with extensive experience in complex sustainable infrastructure assets worldwide.

The Project is expected to begin operating commercially by the end of 2025. Once commissioned, the first phase of the Vifor wind farm will be able to supply clean electricity to approximately 108,000 households in Romania.

Romania is expanding its renewable energy goals in line with EU initiatives like Fit for 55 and REPowerEU. By 2030, the country aims to boost the share of renewables in its total energy consumption from 24.3% in 2019 to 36.2%. This involves adding 11.9 GW of new renewable capacity, reflecting the country's growing commitment to increasing renewable energy production.

Green Forum  |  15 July, 2024 at 11:00 AM
Green Forum  |  15 July, 2024 at 10:00 AM