€510m Financing Secured for 392MW Pestera II Wind Farm in Romania
EBON•CIP's Growth Markets Fund II closed €510m financing for the 392MW Pestera II wind farm in Romania, backed by seven banks and equity from the European Investment Bank. The project has a 15-year contract-for-difference on 245MW, starts operations in 2028 and has turbine supply deals with Nordex and Electrogrup.
1. Financing Close
CIP's Growth Markets Fund II has achieved €510 million financial close for the 392MW Pestera II onshore wind farm in Romania, marking a pivotal funding milestone for the project’s development phase.
2. Financing Structure
Financing was arranged by a syndicate of seven local and international banks and complemented by equity commitments from the Growth Markets Fund II and the European Investment Bank.
3. Contract-for-Difference Details
The project secured a 15-year contract-for-difference on 245MW of its capacity, providing revenue certainty under an EU-supported mechanism.
4. Construction Agreements
Construction contracts include Nordex supplying 56 N163-6.X turbines (7MW each) and Electrogrup managing balance-of-plant works, with commercial operations targeted for 2028.
