BIG Mega Renewable Energy secures financing for Văcăreni wind farm

BIG Mega Renewable Energy's successful financial close for the 102 MW Văcăreni onshore wind farm in Romania signifies continued investment in renewable energy infrastructure within the European market. The project, located in Tulcea county, has secured over EUR 100 million in financing, supported by a 10-year power purchase agreement with a major European energy trader. This financial backing underscores the project's viability and attractiveness to lenders such as Erste Group Bank and Intesa Sanpaolo, demonstrating confidence in the long-term revenue stream generated by the wind farm. CJR Renewables is involved in the project as well. The involvement of BIG Shopping Centers and MEGA OR Holdings as investors further highlights the growing interest from diverse investment entities in renewable energy assets. The Văcăreni wind farm represents a significant addition to Romania's renewable energy capacity and contributes to the country's efforts to meet its climate goals. The project's progression to the construction stage following financial close indicates a commitment to timely execution and delivery of clean energy to the grid.