NORD/LB joins in financing of Romania wind farm

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The energy transition bank NORD/LB has joined the financing of the Green Breeze 99.2-MW wind farm together with Erste Group Bank AG and BCR. The project, owned by Nala Renewables, a global renewable energy investment platform and independent power producer, is set to go live in first half of 2026 and is under construction. 

NORD/LB has joined in financing for the Green Breeze wind farm in eastern Romania. (Courtesy: NORD/LB)

The Green Breeze wind farm is mainly in the municipality of Cuca in the county of Galati,  in eastern Romania. The wind farm will consist of 16 V162-6.2MW Vestas turbines – expected to generate about 312 GW/h of clean, sustainable electricity annually. The electricity will be supplied to a leading multinational corporation under a long-term power purchase agreement (PPA). 

“This project marks our first in Romania, underscoring our commitment to financing renewable energy projects that materially drive forward Europe’s renewable energy transition, including rapidly emerging markets,” said Florian Hock, NORD/LB’s senior director. “The Green Breeze wind farm will play a critical role in decarbonizing Romania’s economy, and we’re delighted to support Nala Renewables on this important project.”

“We are delighted to have NORD/LB joining the financing group for this project,” said Will Herlinger, Nala Renewables’ head of investment. “We look forward to working with NORD/LB on both new opportunities in the CEE region, as well as other projects across the European markets in which Nala are active.”

Under the flagship National Energy and Climate Plan (NECP), Romania aims to increase its installed wind capacity to 7.6 GW by 2030. The Green Breeze wind farm will play its part in helping Romania to achieve this target.     

More info www.nordlb.com