The loan will be extended to Romanian firm VS Wind Farm SA, majority-owned by Portugal’s EDP Renováveis, the world’s third-largest wind energy company.
EBRD will provide up to EUR25 million, while the remaining funds will come from commercial banks.
The two wind farms are located in Vutcani and Sarichioi localities and have an installed capacity of 24 megawatts and 33 megawatts, respectively.
This is the third investment and project financing by EBRD to an EDPR operated project in the renewable energy sector in Romania, following the financing of 138 MW Cernavoda wind farms and the 90MW Pestera wind farm back in 2011.
To date, the EBRD has invested about EUR6 billion in Romania in over 315 projects.