Slovenia: Westinghouse and Hyundai...

US-based nuclear energy company Westinghouse, in collaboration with South Korea’s Hyundai Engineering &...

Romania seeks extension on...

Romanian Energy Minister Sebastian Burduja announced that the Ministry will formally submit a...

Greek electricity market shifts:...

Data from Greece's regulatory authority for energy (RAAEY) reveals that the market rankings...

Greece: Government approves 300...

The Greek Government has granted environmental approval for a 300 MW solar project...
Supported byClarion Energy banner
HomeSEE Energy NewsRomania: Nala Renewables...

Romania: Nala Renewables secures financing for 99.2 MW Green Breeze wind farm

UK-based Nala Renewables has announced that it has secured bank financing for its 99.2 MW Green Breeze wind farm project in Romania. The financing is provided by German bank Norddeutsche Landesbank (NORD/LB), Austria’s Erste Group Bank and its Romanian subsidiary, and Banca Comerciala Romana (BCR). The financial terms of the deal were not disclosed.

In August 2024, Swedish company OX2 agreed to sell the 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between independent commodity trading company Trafigura and the IFM Net Zero Infrastructure Fund. The agreement, valued at 214 million euros, covers the construction of the wind farm, which will feature 16 Vestas V162-6.2 turbines. Additionally, the deal includes a 12-year power purchase agreement (PPA) with a multinational corporate offtaker, securing a significant portion of the wind farm’s electricity output.

Located in eastern Romania, the project has already secured network access through a connection contract signed with Transelectrica in March 2023. OX2 will manage the construction of the wind farm, with construction having commenced in November 2024. The wind farm is expected to be commissioned in the first half of 2026.

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: Westinghouse and Hyundai to conduct feasibility study for Krško nuclear power plant expansion

US-based nuclear energy company Westinghouse, in collaboration with South Korea’s Hyundai Engineering & Construction, will conduct a technical feasibility study for the planned second unit at Slovenia’s Krško nuclear power plant. The study will explore the potential installation of...

Romania seeks extension on coal plant shutdowns, calls for balanced energy transition

Romanian Energy Minister Sebastian Burduja announced that the Ministry will formally submit a proposal to the Ministry of Investments and European Projects to request an extension of the deadlines for shutting down coal-fired power plants, along with a detailed...

Greek electricity market shifts: Protergia and Zenith gain market share, PPC sees decline

Data from Greece's regulatory authority for energy (RAAEY) reveals that the market rankings among independent electricity suppliers in the country shifted between September and November of last year. Public Power Corporation (PPC), the state-owned dominant player, saw a slight decline...
Supported bySEE Mining News
error: Content is protected !!