Last week, a team from Copenhagen Infrastructure Partners, representing our Growth Markets Fund II, visited Romania to celebrate the European Investment Bank (EIB) commitment of EUR 30 million in co-investment for Pestera II. This follows a prior investment from the EIB into GMF II amounting to USD 100 million. Pestera II is an onshore wind initiative in Romania with a total capacity of about 400 MW, set to begin construction later in 2025. It will be among the largest renewable energy projects in Romania and is anticipated to play a significant role in improving the security of supply in the country while providing competitively priced and sustainable energy for the long term. Radu Gruescu, partner in CIP, comments on the commitment: “EIB’s commitment to CIP and Romanian energy infrastructure is a pivotal step forward in enhancing the overall energy landscape in Romania. This partnership not only underscores the EIB’s dedication to supporting sustainable development initiatives but also highlights the importance of investing in modernizing and expanding the energy infrastructure within the country.” Thank you to EIB Vice President, Ioannis Tsakiris, and the Danish Ambassador to Romania, Uffe A. Balslev.
Pleasure all on my side. Duly impressed by your achievements.
Director, Deal Advisory - Real Estate and Transport Infrastructure at KPMG London
1moAbsolutely fantastic news for this investment in Romania’s infrastructure! Congratulations Mihaela Mihai, so proud of you! 👏