A new utility-scale wind project in Romania has reached a major financial milestone, with developers securing a substantial €100 million project finance package to support the construction and operation of the Vacareni wind farm. The project is being developed by BIG MEGA Renewable Energy, a joint venture between BIG Shopping Centers and MEGA OR Holdings.
The financing was arranged through a consortium of regional and international lenders, including Erste Group Bank, Banca Comerciala Romana, Intesa Sanpaolo Romania, and Vseobecna uverova banka. Within the structure, Erste Group Bank acts as the facility agent, while Banca Comerciala Romana serves as the security agent.
Located in Tulcea County, the Vacareni wind farm is designed with an installed capacity of 102 MW and will feature 17 wind turbines. The project has already achieved ready-to-build status, allowing construction to proceed without further permitting delays.
Company representatives note that the Vacareni financing follows earlier funding for the Urleasca wind farm, reflecting a strategy of disciplined execution and scalable growth. BIG MEGA Renewable Energy emphasized that the deal demonstrates the group’s ability to consistently attract long-term financing for large renewable projects in the region.
Separately, in October, Portuguese developer CJR Renewables completed construction of the Urleasca wind farm in Braila County, also with a capacity of 102 MW. The facility is expected to generate around 277 GWh of renewable electricity annually, offsetting approximately 115,000 tons of CO₂ emissions each year.