Global Infrastructure SherpaGreenvolt secures EUR 348 million financing for 253.1 MW Ialomiţa Nord wind project in Romania and agrees to sell it to Engie Romania
USD348M
Deal Value
253.1 MW
Capacity
Portugal-based Greenvolt, owned by KKR, has secured a EUR 348 million financing package for the 253.1 MW Ialomiţa Nord wind power project under construction in Romania. The financing is provided by a consortium of banks including UniCredit Bank and Erste Group Bank. Greenvolt has also agreed to sell the project to Engie Romania, a subsidiary of French energy giant Engie, with the transaction expected to complete upon commercial operation in 2027.
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Counterparts (9)
Lender
E
Erste Group Bank
Raiffeisen Bank
Raiffeisen Bank is a banking group with a focus on Central and Eastern Europe. They provide financial services and lending for various projects, including infrastructure.
B
BRD Groupe Société Générale
S
Siemens Bank
Société Générale
Société Générale has acted as a lender in two verified deals, totaling £500 million and $1.5 billion, respectively. These financings support renewable energy projects, specifically one solar project in the UK and one energy storage project in the USA. This indicates a focus on providing debt financing for solar and energy storage projects across international markets.
UniCredit Bank
UniCredit Bank is a pan-European commercial bank that provides financing and advisory services across various sectors, including renewable energy. They support projects in wind, solar, and other renewable technologies, contributing to the energy transition.
Buyer
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KKR-backed Greenvolt is de-risking its 253.1 MW Ialomiţa Nord wind project in Romania with a EUR 348 million construction financing package and a pre-agreed sale to Engie Romania. The consortium of lenders, including pan-European UniCredit and CEE-focused Raiffeisen Bank, highlights robust appetite for large-scale renewables in the region. This build-and-exit strategy allows Greenvolt Power, a developer of utility-scale projects across Europe, to secure an early exit for the project. The transaction, expected to complete upon commercial operation in 2027, provides a clear path for both Greenvolt to recycle capital and Engie to expand its Romanian portfolio.
- EUR 348M financing for 253.1 MW onshore wind project.
- KKR-owned Greenvolt developing in Romania.
- Pre-sale agreement to Engie Romania, closing 2027.
- Six-bank consortium, including CEE specialist Raiffeisen Bank.
Timeline
Announced
Feb 27, 2026
Signed
Closed
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