Copenhagen Infrastructure Partners reaches financial close on Pestera II onshore wind farm in Romania

Total Capacity

392 MW

Total capacity of the Pestera II onshore wind project.

Contract for Difference Capacity

245 MW

Capacity covered by the 15-year contract for difference (CfD) concluded in December 2024.

Project Finance Amount

EUR 510 million

Total funding provided by a consortium of seven banks for the Pestera II project.

§ 01 Executive Snapshot

What: Copenhagen Infrastructure Partners (CIP) reaches financial close on the 392 MW Pestera II onshore wind farm in Romania.
Who: Copenhagen Infrastructure Partners, Growth Markets Fund II, European Investment Bank, Danish pension fund, various commercial banks.
Why it matters: The project represents a significant investment in renewable energy infrastructure in Romania and is a key step towards enhancing energy security and affordability in the region.

The Pestera II project has a total capacity of 392 MW and concluded a 15-year contract for difference (CfD) for 245 MW of its capacity in December 2024.
The project finance comprises approximately EUR 510 million provided by a consortium of seven local and international commercial banks.
The main construction contracts have been awarded to Nordex for turbine supply and Electrogrup for balance of plant contracting.

The Pestera II project is one of the largest project finance transactions in Central and Eastern Europe, highlighting the region's potential for renewable energy investment.
CIP's Growth Markets Fund II aims to combine large-scale investments in energy infrastructure with attractive returns, reflecting a growing trend in institutional capital for renewable energy.

The successful financial close of Pestera II signals strong investor confidence in Romania's regulatory frameworks and renewable energy market.
Long-term, this project is expected to contribute to Romania's energy security and provide competitively priced renewable power, which may attract further investments in the sector.

Potential regulatory or execution roadblocks could arise during the construction and operational phases of the project.
Competition for renewable energy investments in the region could impact future funding and project viability.

The project is expected to reach commercial operations by 2028, marking a key milestone for Romania's energy infrastructure.
Future investments and project expansions in Romania and Central and Eastern Europe will signal the ongoing success of CIP's strategy in the region.

§ 07

What is the Pestera II onshore wind farm?

The Pestera II onshore wind farm is a 392 MW renewable energy project in Romania, recently financed by Copenhagen Infrastructure Partners.

Why is the Pestera II project significant?

It represents a major investment in renewable energy infrastructure in Romania, enhancing energy security and affordability in the region.

Who are the key stakeholders involved in the Pestera II project?

Key stakeholders include Copenhagen Infrastructure Partners, the European Investment Bank, a Danish pension fund, and various commercial banks.

When is the Pestera II project expected to begin commercial operations?

The project is expected to reach commercial operations by 2028.