The Vutcani and Sarichioi wind farms are located in Romanian eastern and southeastern regions of Moldavia and Dobrogea, respectively.
EBRD’s board will decide on whether to extend the financing in October.
Controlled and developed by Portugal’s EDP Renovaveis, through EDPR Romania, the two wind farms will have a total capacity of 37 megawatts. Overall costs are estimated at roughly EUR83 million.
Both wind projects are expected to be up and running by the end of the third quarter this year.