Low Carbon will build two onshore wind farms in Romania with a capacity of up to 600MW.
Sharing the same grid connection point, the projects are principally located in the communes of Adamclisi & Deleni in Constanta county.
The sites will benefit from the region’s exceptional natural wind resources, flat terrain, and energy interconnection.
It is anticipated that the wind farms will generate enough clean energy to power more than 332,000 homes and avoid approximately 220,000 tonnes of CO2e annually.
The latest deal is the second foray into Romania for Low Carbon, underpinning the company’s ambition to create 20GW of new renewable energy capacity by 2030.
The Adamclisi & Deleni projects are expected to reach financial close by the second half of 2023.
It follows the recent announcement of the 450MW Vis Viva wind farm, bringing the renewable energy company’s projects in Romania to a total of 1GW of clean energy capacity, enough to power more than 600,000 homes.
Roy Bedlow, Chief Executive at Low Carbon, said: “The central role of renewable energy in mitigating climate change is undeniable, and was a focal point of the recent COP27 summit in Sharm el-Sheikh. With wind and solar power set to provide two-thirds of global power generation by 2050 in long-term Paris-compliant energy scenarios, our latest project is set to make an important contribution to the continent’s energy transition, and its ambitious net-zero targets.
“The Adamclisi & Deleni projects will also make a significant contribution to Low Carbon’s own ambition to build 20GW of new renewable energy capacity, and achieve net zero, by the end of the decade. We are delighted to deliver the project in partnership with Rezolv Energy, as part of our shared commitment to generating sustainable investments at scale for the benefit of future generations.”