Greenvolt has secured over €58m in project finance with Erste Group Bank and Banca Comercială Română for a 49MW onshore wind project in Săcele in Romania’s Dobrogea region.
The company said construction is already under way and completion is expected in the second quarter of 2026.
It added that the wind farm will contribute renewable capacity to Romania’s power system and support national energy security and decarbonisation goals.
João Manso Neto, chief executive of the Greenvolt Group, said: “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”.
Ladislav Tolmáči, head of desk project finance at Erste Group Bank, stated: “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.”
Manuela Trisnevschi, head of energy and utilities at Banca Comercială Română, said: “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.”
Adrian Góralski, director of M&A and project finance at Greenvolt Power, added: “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”.
The company said the project strengthens Greenvolt’s position in Central and Eastern Europe, where it is advancing a utility-scale pipeline across wind, solar and battery storage.