Greenvolt secures EUR 348 million financing for 253.1 MW Ialomiţa Nord wind project in Romania and agrees to sell it to Engie Romania

Greenvolt Group secured EUR 348 million in project financing for its 253.1 MW Ialomiţa Nord wind project in Romania, concurrently agreeing to sell the asset to Engie Romania. This structure allows Greenvolt Group to leverage its development expertise, securing both construction capital and an exit strategy simultaneously for the onshore wind asset. The immediate divestment to Engie Romania enables Greenvolt Power to recycle capital from the 253.1 MW project, potentially funding new utility-scale renewable energy developments across Europe and North America. Engie Romania, as a leading integrated energy utility serving over 2 million customers in Romania, gains a substantial onshore wind asset, expanding its electricity supply portfolio within its core market. This deal provides Engie Romania with significant renewable generation capacity, complementing its existing natural gas distribution and supply operations. The arrangement allows Engie Romania to acquire a fully financed project, reducing its direct development risk for the 253.1 MW Ialomiţa Nord wind farm. The EUR 348 million financing syndicate features five prominent European banks: Erste Group Bank, Raiffeisen Bank, BRD Groupe Société Générale, Siemens Bank, and UniCredit Bank. BRD Groupe Société Générale's participation is notable, given its position as Romania's third-largest bank, indicating strong local market engagement for the 253.1 MW project. Siemens Bank's involvement, as the captive bank of Siemens AG, suggests potential equipment supply or service agreements tied to the Ialomiţa Nord wind farm, aligning with its mandate to support Siemens' industrial and infrastructure businesses. Société Générale, having previously acted as a lender in two verified deals totaling $2 billion for renewable energy projects, demonstrates continued commitment to the sector with this EUR 348 million financing. UniCredit Bank, a pan-European commercial bank, further diversifies the lending group, supporting another wind project within its renewable energy financing track record. This multi-bank financing for a 253.1 MW onshore wind project in Romania, announced for 2026-02-27, demonstrates sustained lender appetite for large-scale renewable energy assets in Central and Eastern Europe.