Green Forum • 8 August, 2024 at 12:00 PM
Romania's renewable energy sector has seen significant growth in the past few years and it offers further potential to achieve the planned climate neutrality in the year 2050.
Erste Group supports this path towards climate neutrality with the latest project of Nala Renewables, a global power and renewable energy investment platform and independent power producer.
Nala Renewables acquired a 99.2 MW onshore wind project from OX2, a leading company in developing and constructing renewable energy solutions active across Europe and Australia. The project is located in eastern Romania and is expected to start construction during Q3 2024.
The project is expected to become operational during the first half of 2026 and will then provide around 312 GWh of renewable energy, equivalent to the energy demand of about 90,000 households. The project significantly contributes to the UN Sustainable Development Goals. The financing for this project is provided by Erste Group Bank AG together with BCR.