Copenhagen Infrastructure Partners Secures €510M Financing for Romania’s Largest Onshore Wind Project — Copenhagen Infrastructure Partners P/S

Event summary

Copenhagen Infrastructure Partners (CIP) reached financial close on the 392 MW Pestera II onshore wind project in Romania, one of the largest renewable energy investments in Central and Eastern Europe.
The project secured €510 million in financing from a consortium of seven local and international banks, with equity contributions from CIP’s Growth Markets Fund II (GMF II), the European Investment Bank, and a Danish pension fund.
Pestera II includes a 15-year contract for difference (CfD) for 245 MW of its capacity, signed in December 2024, ensuring long-term revenue stability.
The project is expected to reach commercial operations by 2028 and will supply competitively priced renewable power to Romania’s grid.

The big picture

This transaction underscores the growing appeal of Romania as a hub for large-scale renewable energy investments, driven by bankable regulatory frameworks like CfDs. The €510 million financing deal highlights the increasing role of institutional capital in funding critical energy infrastructure projects in emerging markets. CIP’s involvement further solidifies its position as a key player in the global transition to sustainable energy.

What we're watching

Regulatory Stability: Whether Romania’s EU-supported CfD framework can sustain long-term institutional investment in renewable energy projects.
Execution Risk: The pace at which Pestera II progresses toward its 2028 commercial operations deadline, given the scale and complexity of the project.
Market Expansion: How CIP’s success in Romania influences its strategy for further investments in Central and Eastern Europe’s renewable energy sector.