The funds are granted over a 12-year period and will be fully paid out by the end of October, Enel Green Power said in a news release.
“This financing will be used to cover part of the investments required to build and expand Enel Green Power Romania wind power plants (Moldova Noua and Corugea) so as to arrive at a total installed capacity of 118 MW. These investments are expected to total EUR180 million,” the document reads.
In August, the company announced it would invest EUR400 million in three wind farms in Romania. The units would be 50% cofinanced by the European Investment Bank.
Enel Green Power has a total installed capacity of more than 6,100 MW across the globe, 620 power plants and a generation mix that includes wind, solar, hydro, geothermal and biomass power.
Enel has been active on the Romanian market since 2005, with operations of electricity distribution and supply. Locally, the group has 2.6 million clients and 5,000 employees.