Copenhagen Infrastructure Partners (CIP), via its Growth Markets Fund II (GMF II), has reached financial close for the 392MW Pestera II onshore wind farm in Constanța County, Romania.
The project has secured financing of around €510m, arranged by a syndicate of seven local and international commercial banks.
The lenders are Banca Comerciala Romana, BRD, Deutsche Bank, Erste Bank, Eurobank, Piraeus Bank and Société Générale.
The equity is being provided by the project's owners, which are GMF II and two co-investors, the European Investment Bank and a Danish pension fund.
CIP partner Radu Gruescu said: "We are pleased that Pestera II has reached financial close, a critical milestone for the project and important for the renewable energy sector in Romania.
The project has secured financing of around €510m, arranged by a syndicate of seven local and international commercial banks.
The lenders are Banca Comerciala Romana, BRD, Deutsche Bank, Erste Bank, Eurobank, Piraeus Bank and Société Générale.
The equity is being provided by the project's owners, which are GMF II and two co-investors, the European Investment Bank and a Danish pension fund.
CIP partner Radu Gruescu said: "We are pleased that Pestera II has reached financial close, a critical milestone for the project and important for the renewable energy sector in Romania.
2 days ago
