Greenvolt Group, through its subsidiary Greenvolt Power, has secured EUR 284 million in project financing for a 253.1 MW wind project located in Gurbănești, east of Bucharest, Romania. The wind farm, which the company describes as one of the largest of its kind in Romania, is currently under construction and is expected to reach commercial operation by the end of 2027. The facility will feature 42 wind turbines, each with a rated capacity of 6.1 MW.
The financing was structured through a syndicate of eight financial institutions, underscoring the scale and complexity of the wind project. The transaction reflects the involvement of both international and Romanian lenders in supporting utility-scale renewable energy development in the country.
Key transaction details:
- Greenvolt Power secured EUR 284 million for its 253.1 MW Gurbănești wind project
- The wind farm comprises 42 turbines, each rated at 6.1 MW
- The project is under construction, with commercial operation expected by the end of 2027
- Eight financial institutions participated in the lending syndicate
- Lenders include UniCredit S.p.A., Erste Group Bank AG, Banca Comercială Română S.A., Siemens Financial Services through Siemens Bank, Société Générale, BRD, ING Bank N.V., and Alpha Bank S.A.
Lending Syndicate and Project Financing Structure
The project financing was arranged through a syndicate comprising UniCredit S.p.A., Erste Group Bank AG, Banca Comercială Română S.A., Siemens Financial Services through Siemens Bank, Société Générale, BRD, ING Bank N.V., and Alpha Bank S.A. The breadth of the syndicate reflects collaboration between major European financial institutions and Romanian banks to support this wind project.
Adrian Góralski, Director of M&A and Project Finance at Greenvolt Power, said: “Our ability to advance projects at this scale is supported by strong relationships with financial partners who understand our business and the quality assets we are developing. This financing is another example of that collaboration, reflecting our ability to find the right financing solutions for our projects.”
Project and portfolio context:
- The Gurbănești wind farm is part of the 506 MW Wind Rose platform
- The Wind Rose platform also includes the 253.1 MW Ialomița wind project
- Greenvolt reports a Romanian utility-scale pipeline of 707 MW wind, 58 MW solar, and 209 MW battery energy storage
- Greenvolt Next provides on-site renewable energy solutions for corporate and industrial clients
Greenvolt’s Broader Romanian Renewable Energy Pipeline
The Gurbănești wind project forms one half of the broader Wind Rose platform, which totals 506 MW of renewable energy capacity under development. The platform also encompasses the 253.1 MW Ialomița wind project. Beyond Wind Rose, Greenvolt Group reports a Romanian utility-scale pipeline comprising 707 MW of wind, 58 MW of solar, and 209 MW of battery energy storage projects. The company is also active in distributed generation through Greenvolt Next, delivering on-site renewable energy solutions for corporate and industrial clients.
João Manso Neto, CEO of Greenvolt Group, said: “Romania is an important market for Greenvolt, where we see strong long-term potential, and our investment in the country reflects that. Wind has been a particular focus, but our presence extends across technologies and business segments. Alongside our utility-scale activities, we are also consolidating our presence in on-site renewable energy solutions for corporate and industrial clients.”
Greenvolt’s Romanian project pipeline spans wind, solar, and battery storage, with the 506 MW Wind Rose platform representing a significant component of its utility-scale ambitions in the country.