EBRD and IFC approves a 115 million euro loan for two wind parks in Romania - financiare.ro
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News » June, 2011 » 22 June 2011

EBRD and IFC approves a 115 million euro loan for two wind parks in Romania
22.06.2011, 22:03 | Energy | 905 views

The European Bank for Reconstruction and Development and IFC, part of the World Bank will offer a 114.8 million euro loan to finance some wind parks in Romania developed by the Portuguese company EDP Renovaveis according to Bloomberg.com. Each of the two financial institutions offers 57.4 million euro to Cernavoda Power SA, a company owned by EDP Renovaveis.

The capacity of the two parks will be of 139 mw. This is the first investment financed by the two international institutions in the renewable energy sector in Romania.

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