Romania: End of price...

Electricity bills for July and part of August 2025 in Romania are significantly...

Bosnia and Herzegovina sees...

According to the Agency for Statistics of Bosnia and Herzegovina (BiH), gross electricity...

Albania: Electricity production falls...

According to data from the Albanian Institute of Statistics (INSTAT), electricity production in...

Romania: Energy Vault partners...

Swiss energy storage company Energy Vault has signed an agreement to provide up...
Supported byClarion Energy
HomeUncategorizedRomania: EBRD lends...

Romania: EBRD lends 46 million euros for 102 MW wind farm

The European Bank for Reconstruction and Development announced that it is lending more than 46 million euros for the construction of a 102 MW onshore wind farm Urleasca in Romania.

Wind farm will be located in the county of Braila and will be built and operated by Israeli joint venture BIG MEGA Renewable Energy, the EBRD said in a press release.

The wind farm will generate an estimated 277 GWh of green electricity annually, reducing carbon dioxide emissions by around 115,000 tonnes per year.

“We are excited to support BIG MEGA Renewable Energy’s first renewable energy project in the EBRD’s region. The wind farm is expected to benefit from corporate Power Purchase Agreements and boost Romania’s increase in renewables capacity which is targeted to grow by adding 11.9 GW over the coming years,” said Grzegorz Zielinski, head of Energy Europe at EBRD.

The 46-million-euro loan is part of a 93-million-euro financing package jointly provided to BIG MEGA by the EBRD and OTP Bank.

BIG MEGA Renewable Energy is a JV between Israeli real-estate companies BIG Shopping Centers and MEGA OR Holdings. The two real estate developers set up the JV with the aim of extending into the renewable energy sector.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Slovenia: Wind Energy Association calls for balanced policy consultation

The Slovenian Wind Energy Association (GIZ) has expressed concern that recent political debates on wind energy are being shaped by what it views as an unbalanced event. The association says conclusions from a June consultation in the National Council—attended...

Romania: End of price caps and VAT hike drive sharp rise in electricity bills

Electricity bills for July and part of August 2025 in Romania are significantly higher than in previous months, driven by multiple factors. A heatwave increased consumption as air conditioners and cooling devices were used extensively. At the same time,...

Romania: Energy Vault partners with Astor Enerji to deploy 2 GWh of battery storage for solar projects

Swiss energy storage company Energy Vault has signed an agreement to provide up to 2 GWh of battery capacity for solar projects in Romania owned by Turkish firm Astor Enerji. The partnership combines Energy Vault’s large-scale storage expertise with...
Supported byVirtu Energy
error: Content is protected !!