The European Bank for Reconstruction and Development (EBRD) is extending over EUR 46 million, part of a EUR 93 million financing package, to develop Urleasca Wind Farm, a 102 MW onshore wind project in Romania.

Driving Renewable Energy Growth

Urleasca Wind Farm is poised to generate 277 GWh annually, slashing carbon dioxide emissions by approximately 115,000 tonnes per year. Spearheaded by Urleasca Wind Farm SRL, a Romanian entity jointly owned by Israeli firms BIG Shopping Centers Ltd and MEGA OR Ltd, the project marks their venture into renewable energy.

EBRD’s Commitment to Green Transition

EBRD’s investment underscores its dedication to Romania’s renewable energy expansion, aligned with the nation’s commitment to elevate renewables share to 36.2% by 2030, adding 11.9 GW of new capacity. This strategic move not only fosters environmental sustainability but also enhances energy security amid geopolitical uncertainties.

Pioneering Renewable Investments

Grzegorz Zielinski, Head of Energy Europe at EBRD, lauds the project’s significance in Romania’s green energy journey, foreseeing its impact on the nation’s renewables sector growth. Eran Davidi, CEO of BIG MEGA Renewable Energy, echoes the sentiment, emphasizing the project’s role in Romania’s transition to clean energy.

In the wake of geopolitical tensions, investments in renewables fortify Romania’s energy resilience. EBRD’s substantial investment underscores its commitment to Romania’s sustainable development and green energy ambitions. With this milestone, Urleasca Wind Farm sets a precedent for future renewable projects, fostering a greener, more sustainable energy landscape in Romania.

Source：romania-insider.com