Copenhagen Infrastructure Partners (CIP) announced that Radramo Power SRL, the company holding the rights to the approximately 400 MW Pestera II onshore wind project, has signed a binding Contract for Difference (CfD) for 245 MW of its capacity.
Earlier in 2024, the Growth Markets Fund II (GMF II), managed by CIP, agreed to acquire the project from its original developers, subject to customary conditions. The project secured the CfD contract through Romania’s first CfD auction in November 2024, obtaining a 15-year agreement from the commercial operation date at a strike price of EUR 64.9/MWh. The wind farm is located in Constanța, southeast Romania. The European Investment Bank (EIB) has committed EUR 30 million in co-investment, alongside additional capital from EIB as part of the group of investors in GMF II. Earlier in 2024, the EIB also announced a USD 100 million commitment to GMF II.
