UniCredit Leasing is to finance an €8m wind power plant in Romania as part of its expansion strategy in renewable energy business across Eastern Europe.
The project involves the financing a wind farm in the Tulcea county in eastern Romania for Energy Rose, a wind energy group active across Romania, Bulgaria and Poland. It consists of three V90 turbines being built and installed by Vestas, the Danish manufacturer of wind turbines.
Each wind turbine is 150 metres high and has a power of 2 megawatts.
Once fully operative, the plant will produce 21,000mw of power a year – enough for the energy requirements of 5,000 families. It will allow the curbing of 14,500 tonnes of CO2 emissions a year.
The deal is a 15 years full pay-out lease. It has been arranged by UniCredit Leasing’s competence centre in renewable energy, run by Martin Mayr, and UniCredit Leasing Romania’s corporate customers’ team, managed by Gabriel Mihai.
Mayr said: “Last year, we financed wind projects amounting to €150m in Austria, Romania, Bulgaria and Turkey.”