05 Aug 2024
Nala Renewables, a 50-50 joint venture between commodity trader Trafigura and funds managed by IFM Investors, has acquired a 99.2 megawatt (MW) onshore wind project in eastern Romania from the renewable energy company OX2.
Trafigura said on Monday that the deal is Nala's third in central and eastern Europe this year, without disclosing the price. It added that the business has more than 1.5 GW of renewable energy projects in the region.
The construction of the project, which will consist of 16 Vestas V162-6.2 MW wind turbines, is expected to begin in the third quarter of this year and will likely begin testing in the first half of 2026.
Trafigura said that the deal includes a 12-year power purchase agreement with a multinational company and that the financing for the transaction is being provided by Erste Group and its subsidiary Banca Comerciala Romana.
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