UK-based Nala Renewables has announced that it has secured bank financing for its 99.2 MW Green Breeze wind farm project in Romania. The financing is provided by German bank Norddeutsche Landesbank (NORD/LB), Austria’s Erste Group Bank and its Romanian subsidiary, and Banca Comerciala Romana (BCR). The financial terms of the deal were not disclosed.
In August 2024, Swedish company OX2 agreed to sell the 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between independent commodity trading company Trafigura and the IFM Net Zero Infrastructure Fund. The agreement, valued at 214 million euros, covers the construction of the wind farm, which will feature 16 Vestas V162-6.2 turbines. Additionally, the deal includes a 12-year power purchase agreement (PPA) with a multinational corporate offtaker, securing a significant portion of the wind farm’s electricity output.
Located in eastern Romania, the project has already secured network access through a connection contract signed with Transelectrica in March 2023. OX2 will manage the construction of the wind farm, with construction having commenced in November 2024. The wind farm is expected to be commissioned in the first half of 2026.
