- Project finance of €58.5 million secured by Greenvolt Power with Erste Group Bank AG and Banca Comercială Română.
- Financing supports the development of a 49.8 MW onshore wind project in Romania, with completion expected in the second quarter of 2026.
- The project reflects Greenvolt’s continued execution of its utility-scale pipeline, particularly in Central and Eastern Europe.
Greenvolt Group, through Greenvolt Power, a global developer of large-scale wind, solar, and battery energy storage, has secured €58.5 million in project finance with Erste Group Bank AG and Banca Comercială Română (BCR) to support the development of a 49.8 MW onshore wind project located in Săcele, in the Dobrogea region, southern-eastern Romania.
The financing supports the project’s continued progress, with construction works already underway and completion expected in the second quarter of 2026. Once operational, the wind farm will add renewable generation capacity to Romania’s power system, contributing to the country’s energy security and decarbonisation objectives.
“Central and Eastern Europe, and Romania in particular, remain strategic markets for Greenvolt, where we continue to execute and deliver high-quality projects with a clear and tangible impact on the energy transition – essential for environmental reasons, and also for strengthening energy independence and security, which are increasingly critical drivers of growth and stability for countries” said João Manso Neto, CEO of the Greenvolt Group.
“By supporting this project, Erste Group continues to reinforce its commitment to support and strengthen the renewable energy infrastructure in Romania. This financing reflects our confidence in Greenvolt’s track record and in the long-term fundamentals of the Romanian renewable energy market,” said Ladislav Tolmáči, Head of Desk Project Finance, Erste Group Bank.
“This financing is fully aligned with BCR’s strategy to support sustainable investment and the energy transition in Romania. We are pleased to partner with Greenvolt on a project that contributes to strengthening the country’s renewable energy capacity and long-term energy security,” said Manuela Trisnevschi, Head of Energy and Utilities, Banca Comercială Română.
“Working with Erste Group Bank AG and Banca Comercială Română on this transaction allowed us to structure a financing solution aligned with the project’s risk profile and development stage. This partnership brings Săcele wind farm closer to operation and reinforces our capacity to advance multiple projects in parallel across key markets”, said Adrian Góralski, Director of M&A and Project Finance at Greenvolt Power.
The project further strengthens Greenvolt’s presence in Central and Eastern Europe, a region where the Group continues to advance a diversified utility-scale pipeline across wind, solar and battery energy storage, supported by a consistent asset rotation and financing strategy.
In Romania, Greenvolt has a utility-scale pipeline of wind (555 MW), solar (77 MW), and battery energy storage (156 MW), while is also present in the distributed generation segment, delivering on-site renewable energy solutions for corporate and industrial customers, though Greenvolt Next.
Advisors involved in the transaction:
MPR Partners – Borrower legal advisor
Clifford Chance Badea – Lenders legal advisor
AFRY – Technical advisor
MARSH – Insurance advisor
UL – Energy yield assessment (EYA) advisor
PwC – Financial model auditor
About Greenvolt Group
Greenvolt, a company within KKR’s portfolio, is a 100% renewable energy Group with operations spanning across 20 geographies in Europe, North America, and Asia. The Group provides renewable solutions in three core business areas: Sustainable Biomass – producing energy from forest residues and urban waste wood through 7 power plants in Portugal and the UK; Utility-Scale – developing large scale wind, solar PV and storage projects in several European markets, in the USA and Asia, with a total pipeline of 14.1 GW; and Distributed Generation – focusing on B2B solutions for the installation, maintenance and financing of solar PV for individual and collective self-consumption, as well as electric mobility, LED, rooftops, carports, batteries, in 12 geographies across Europe.
About Greenvolt Power
Greenvolt Power, part of Greenvolt Group, a global leader in 100% renewable energy, operates in the Utility-Scale segment, specializing in onshore wind, solar, and energy storage. With strong expertise in development, the company also excels in financing, construction, operation, and asset management of large-scale projects.
With a strong presence across 19 markets in Europe, North America, and Asia, Greenvolt Power has a total pipeline of 14.1 GW, with approximately 1.7 GW currently under construction. The company is also among the world’s leading developers of battery energy storage systems (BESS), with a pipeline exceeding 4.7 GW.
About Erste Group
Erste Group is the leading financial services provider in the eastern part of the EU. Its ca. 55,000 employees serve around 23 million customers across 8 core markets (Austria, Croatia, Czechia, Hungary, Poland, Romania, Serbia, and Slovakia), including through over 2,100 branches. Founded in 1819 as the first savings bank in Austria, Erste Group went public in 1997 with a strategy to expand across Central and Eastern Europe. For over 200 years, Erste has been committed to creating prosperity for its customers with a wide range of products and personalised services. For more information, please visit www.erstegroup.com
About Banca Comerciala Romana
BCR is one of the leading banks in Romania and the principal banking partner for energy projects, offering a full range of financial products and services through a network of 20 business centres and 18 mobile offices dedicated to companies and 298 retail units located in most of the country’s cities with more than 10,000 inhabitants, where 73% of units are cashless. BCR customers have the largest national network of ATMs and multifunctional machines – almost 2,000 machines, and full banking services through Internet banking, Mobile banking, Phone-banking and E-commerce. For more information, please visit www.bcr.ro
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