Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), has announced financial close for the 392 MW Pestera II onshore wind project in Constanța County, Romania. The Pestera II project secured a 15-year contract for difference (CfD) for 245 MW of its capacity in December 2024. The project is expected to reach commercial operation in 2028.
The project financing comprises facilities of approximately €510 million 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 being provided by the project owners, GMF II and two co-investors, the European Investment Bank and a Danish pension fund.
The main construction contracts have been awarded to Nordex, which will supply 56 N163-6.X 7.0 MW turbines, and Electrogrup, which will serve as the balance-of-plant contractor. Blue Power Partners will provide construction management services.
