BIG Mega Renewable Energy Secures EUR 100 Million for 102 MW Wind Farm in Romania
A European banking syndicate provides approximately EUR 100 million in financing for the construction of the Vacareni wind farm in Tulcea County. This ready-to-build project comprises 17 turbines with a total capacity of 102 MW.
| Countries | Autriche, Roumanie, Slovaquie |
|---|---|
| Sector | Énergie Éolienne |
| Theme | Investissements & Transactions |
BIG Mega Renewable Energy, a joint venture between BIG Shopping Centers and MEGA OR Holdings, has closed a project financing of approximately EUR 100 million for the Vacareni wind farm in Romania. This transaction, coordinated by a syndicate of four banking institutions, will fund the construction and operation of a 102 MW facility in Tulcea County. The developer indicates that the project has reached the ready-to-build stage.
A Structured European Banking Syndicate
The financing brings together Erste Group Bank, Banca Comercială Română (BCR), Banca Comerciala Intesa Sanpaolo Romania, and Všeobecná úverová banka (VUB) as original lenders. Erste Group Bank serves as Facility Agent, while BCR acts as Security Agent. This banking configuration combines Austrian, Romanian, and Slovak institutions around a single energy infrastructure project.
The Vacareni wind farm will comprise 17 wind turbines according to data provided by the developer. The funds obtained will cover the development, construction, and long-term operation of the facility. According to the company, this project represents another milestone in its Romanian renewable energy portfolio.
A Progressive Expansion Strategy
BIG Mega Renewable Energy continues its deployment in Romania following the closing of financing for the Urleasca wind farm. According to Tomer Nir, Vice President and Head of Europe at the company, these transactions result from long-term planning and established partnerships. Law firm Kinstellar provided legal counsel to the developer on banking, energy, and regulatory aspects of the transaction.
This new 102 MW capacity will add to Romania’s existing wind power fleet. Tulcea County, located in the Dobruja region in the southeast of the country, hosts several wind projects due to favorable wind conditions. The growing number of renewable project financings in Romania reflects investor appetite for this Central and Eastern European market.
