A 49.8 MW wind project in Romania has reached an important milestone: the financing stage.

In January, our colleagues at Renovatio Trading shared the update that Clifford Chance Badea assisted Erste Group Bank AG and BCR in signing the financing agreement for the project.

The project is developed by Eolenerg, a joint venture between Greenvolt Group and RES Terranet. It includes Vestas turbines, and the electricity produced is contracted through a Power Purchase Agreement, PPA, with Renovatio Trading.

This milestone matters because it shows how renewable energy projects move from development to financial structuring, and from financial structuring toward implementation.

In the energy transition, project development depends on several layers working together: investors, banks, legal advisors, technology providers, developers and energy offtakers. Each role is essential for turning renewable capacity into operational infrastructure.

The PPA component is especially important. A Power Purchase Agreement provides a contractual framework for the electricity generated by the project, supporting bankability, predictability and long-term planning.

For renewable energy projects, this type of agreement can help connect production with market demand and create the stability needed for financing.

The project reflects the role of energy trading in enabling renewable infrastructure. By contracting the electricity produced through a PPA, Renovatio Trading contributes to a structure that supports project viability and the integration of new renewable capacity into the market.

Wind energy remains an important part of Romania’s clean energy mix. Projects like this support diversification, resilience and the continued development of renewable generation capacity.

We thank all parties involved for the rigour and coordination behind this milestone.

Clean energy progress depends on projects that are well structured, well financed and built through strong partnerships.