Erste Group, UniCredit and BERD lend €291 million for wind park project in Romania

Green Forum
Rezolv Energy and Low Carbon have obtained finance loan facilities of up to EUR 291 million to support the construction of a Phase 1 of the Vifor wind farm in Romanian Buzău County, north-east of Bucharest.

The consortium of eight banks financing the project is led by Erste Group, UniCredit Group and the European Bank for Reconstruction and Development, together with the International Finance Corporation (IFC), Intesa Sanpaolo Group, OTP Bank, Raiffeisen Bank International AG and Garanti BBVA Romania.

The new wind park will in its first phase provide about 192 MW in capacity, which will be expanded to about 461 MW in the second phase.

About 270,000 homes will be powered by this project's clean energy once VIFOR is fully operational – that's equivalent to a reduction of about 180,000 tonnes of CO2 annually.

Rezolv has a pipeline of  2 GW of clean energy being prepared for construction in Southeastern Europe, including Dama Solar in western Romania which, at 1,044MW, will be the largest solar plant anywhere in Europe once it is built, the 600 MW Dunarea East & West wind farms in Romania's Constanța County, and St. George, a 229 MW solar project in north-eastern Bulgaria.

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