Banca Comercial\u0103 Rom\u00e2n\u0103 SA and Erste Group AG announced they are financing the EUR 214 million wind farm acquisition by which Nala Renewables, a joint venture between independent commodity trading company Trafigura and IFM Net Zero Infrastructure Fund, takes over a 99.2 MW onshore wind project in Romania from Swedish company OX2.<\/p>\n
“BCR plays an active role in promoting the transition to a green economy, and we are recognized as the main banking partner of renewable energy sources in Romania,” said Bogdan Cernescu, Head of Corporate Banking BCR.<\/p>\n
“Erste Group is committed to supporting the transition to renewable energy sources, with this project being a major step towards this goal,” added Ingo Bleier, Chief Corporates and Markets Officer of Erste Group.<\/p>\n
OX2 will be responsible for the construction of the wind farm.<\/p>\n
Construction will start in the third quarter of 2024, while commissioning is planned for the first half of 2026.<\/p>\n
The deal includes a 12-year PPA (power purchase agreement) with a multinational corporate offtaker. The agreement covers a significant part of the electricity output generated by the wind farm.<\/p>\n