The Pestera II project concluded a 15-year contract for difference (CfD) for 245 MW of its capacity in December 2024. The project is expected to reach commercial operations in 2028 and will contribute significantly to enhancing Romania\u2019s security of supply while delivering competitively priced renewable power for the long term.<\/p>\n
The finance for the project consists of approximately 510 million euros provided by a consortium of seven local and international commercial banks: Erste Bank and Banca Comerciala Romana, Deutsche Bank, Societe Generale and BRD, Eurobank, and Piraeus Bank. Equity is funded by the project owners: GMF II and two co-investors, the European Investment Bank and a Danish pension fund.<\/p>\n
Main construction contracts have been entered into with Nordex, as the turbine supplier for 56 of its N163-6.X 7.0 MW turbines, and Electrogrup, as the balance of plant contractor. Blue Power Partners will provide construction management services.<\/p>\n
\u201cWe are pleased that Pestera II has reached financial close, a critical milestone for the project and important for the renewable energy sector in Romania\u201d said Radu Gruescu, Partner at CIP. \u201cThe size of the transaction is a clear demonstration that, through bankable regulatory frameworks such as EU-supported contracts for difference, Romania can attract the high-quality institutional capital necessary to deliver the country\u2019s objectives of achieving energy security and affordability.\u201d<\/p>\n
For additional information:<\/p>\n
Copenhagen Infrastructure Partners (CIP)<\/p>\n","protected":false},"excerpt":{"rendered":"The Pestera II project concluded a 15-year contract for difference (CfD) for 245 MW of its capacity in…\n","protected":false},"author":2,"featured_media":116083,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[36939,108,36940,36944,36946,30342,36945,21482,36942,36943,36941],"class_list":["post-116082","post","type-post","status-publish","format-standard","has-post-thumbnail","category-copenhagen","tag-construction-news","tag-copenhagen","tag-engineering-news","tag-global-construction-projects","tag-global-investment","tag-industry-insights","tag-infrastructure-export-deal","tag-infrastructure-updates","tag-latest-project-developments","tag-major-construction-news","tag-megaproject-news"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116810251354710048","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/116082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=116082"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/116082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/116083"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=116082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=116082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=116082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}