The EIB support for “Pestera II” is a co-investment with funds managed by Copenhagen Infrastructure Partners (CIP), a Denmark-based investment firm that focuses on the development and construction of renewable-energy projects worldwide.
“We expect that Pestera II will deliver long-term affordable power that strengthens Romania’s energy independence and supports the country’s decarbonisation goals,” said Radu Gruescu, Partner at CIP. “Beyond that, we look to expand CIP’s presence in Romania’s energy transition with further investments.”
Pestera II, one of the largest wind energy initiatives in Romania, was launched by local company Radramo Power. CIP fund subsequently entered the company’s shareholding structure.
The wind farm is due to have installed capacity of up to c. 400 megawatts (MW) – enough to supply over 1.4 million Romanian households for an entire year.
“This flagship initiative not only enhances Romania’s renewable-energy capacity but also contributes to the EU’s ambitious climate and sustainability objectives. I commend Copenhagen Infrastructure Partners for their leadership in advancing this milestone renewable-energy project, which strengthens energy security, fosters sustainable economic growth and accelerates the green transition,” stated EIB Vice-President Ioannis Tsakiris.
Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind.
CIP has raised approximately EUR 32 billion for investments in energy and associated infrastructure from more than 180 international institutional investors.
(English version by Catalina Apostoiu)