OX2 sold 99 MW wind farm in Romania for USD 238 million

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
OX2 sold 99 MW wind farm in Romania for USD 238 million

OX2 has closed an agreement to sell a 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura. The SEK 2.5 billion (USD 238 million) agreement includes the construction of the wind farm.

The project is located in the Eastern part of Romania and will consist of 16 Vestas turbines, V162-6.2 MW. Construction will start in Q3 of 2024 while commissioning is planned for the first half of 2026. The deal includes a 12-year power purchase agreement (PPA) with a multinational corporate off-taker.  

Once commissioned, OX2 will be responsible for the technical and commercial management of the project, optimizing production, and supervising its operations. The annual energy production of the wind farm is about 312 GWh, covering the annual electricity consumption of 51,000 households as well as saving approximately 150,000 tonnes of CO2-equivalent emissions per year.

List of country news

Country news

  • May 01, 2024

    Financing secured for 48 MW Onshore wind project in Romania

    Eurowind Energy has successfully obtained a credit facility of EUR65 million (US$69.52 million) to finance the construction of a 48 MW wind farm known as the Pecineaga wind farm in Romania.

    Read more
  • November 08, 2023

    Inauguration of 155 MW Solar PV Project in Romania

    Israeli power producer Econergy and Israeli renewable energy company NoFar Energy inaugurated their jointly developed 155 MW Rătești PV Park in Romania.

    Read more
  • October 23, 2019

    Siemens Gamesa acquires 8.9GW of assets of Senvion Group

    Siemens Gamesa Renewable Energy has reached an agreement to acquire selected European assets of Senvion Group for EUR200 million (US$223 million).

     

    Read more
  • December 01, 2016

    Allianz acquires 30% stake in E.ON Romanian gas and electricity grids

    Allianz has reached an agreement with E.ON to purchase a 30.0 percent stake in E.ON Distribuţie România, an electricity and gas distribution network operator in the northern part of Romania.

    Read more
  • June 09, 2014

    €57 million project financing for the Topolog wind farm in Romania

    LUKERG Renew, through its subsidiary Land Power, has signed a project finance loan agreement with EBRD as Lender and UniCredit as Participant, to finance the 84 MW Topolog-Dorobantu wind farm located in the Romanian region of Tulcea. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.