IFM Investors and Trafigura’s global renewable energy investment platform has expanded its presence in Central and Eastern Europe (CEE) with the acquisition of a 99.2MW onshore wind project from OX2.
Nala Renewables has acquired the Romanian project for an undisclosed sum, with construction beginning this quarter and completion slated for the first half of 2026.
Nala said project financing for the transaction is being provided by Erste Group and its subsidiary Banca Comercială Română.
The transaction includes a 12-year power purchase agreement (PPA) with a multinational corporate offtaker.
This acquisition marks Nala’s third deal in the CEE region this year, a key market for the firm with over 1.5GW of renewable energy projects in its portfolio.
Remy Verot, COO of Nala Renewables, said: “We are very pleased to sign our first wind project with OX2 with whom we have a built a long-term partnership over the past months.
“This is a flagship transaction for Nala and also demonstrates our ability to secure contracted assets and capitalise on the increasing demand for renewable energy PPA’s from multinational organisations.”
Paul Stormoen, CEO of renewable-energy project developer OX2, said: “We are delighted to announce the signing of our first sale in Romania, a market with a solid outlook for renewables. We have seen strong interest from investors for our project, which includes a PPA with a solid partner.”
Ingo Bleier, chief corporates and markets officer of Erste, said: “Erste Group is committed to supporting the transition to renewable energy sources, with this project being a major step towards this goal.
“We are confident that this project will be a very successful investment for the energy transition in Romania, as well as for our partners and our group.”
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