The renewable energy landscape in Romania is set for expansion as the Vacareni wind farm has successfully secured a €100 million financing package. This funding will facilitate the construction and operational phases of the project, which boasts an installed capacity of 102 MW. Developed by BIG MEGA Renewable Energy, a collaboration between BIG Shopping Centers and MEGA OR Holdings, this initiative underscores the growing investment in utility-scale wind projects across the region.
The financing arrangement involves a consortium of both regional and international lenders, including Erste Group Bank, Banca Comerciala Romana, Intesa Sanpaolo Romania, and Vseobecna uverova banka. Erste Group Bank is designated as the facility agent for this financial package, while Banca Comerciala Romana takes on the role of security agent, highlighting a collaborative approach to funding renewable energy initiatives.
Situated in Tulcea County, the Vacareni wind farm will consist of 17 wind turbines and has achieved ready-to-build status. This milestone enables the project to proceed without further permitting delays, which is critical for maintaining timelines in renewable energy development.
BIG MEGA Renewable Energy’s recent financing success follows previous funding secured for the Urleasca wind farm, reflecting a strategic focus on disciplined execution and scalable growth within the renewable sector. The firm emphasizes its capability to attract long-term financing for substantial renewable projects in Romania and beyond.
In a related development, CJR Renewables recently completed construction of the Urleasca wind farm in Braila County, which also has a capacity of 102 MW. This facility is anticipated to generate approximately 277 GWh of renewable electricity annually while reducing CO₂ emissions by about 115,000 tons each year. Such projects contribute significantly to Romania’s renewable energy goals and showcase the potential for further investment in sustainable energy infrastructure.
