BCR, Erste Group provide EUR 151 mln in green financing to 392 MW wind energy project in Romania’s Constanța

Banca Comercială Română (BCR) and Erste Group Bank AG have provided EUR 151 million in green financing for the construction of the 392 MW Peștera II onshore wind project in Constanța county, a project owned by investment funds managed by Copenhagen Infrastructure Partners, an investment firm specializing in the development and construction of renewable energy infrastructure projects worldwide.

The total financing package amounts to EUR 510 million and is provided by a consortium of seven local and international commercial banks, with the equity funded by the project's owners through CIP’s Growth Markets Fund II (GMF II), the European Investment Bank and a Danish pension fund.