- EBRD is lending €44 million to support a 269 MW expansion of the Vifor wind farm, raising its total capacity to 461 MW.
- The project, backed by Romania’s first CfD auction, will generate 1.2 TWh annually and cut over 500,000 tonnes of CO₂ emissions.
The European Bank for Reconstruction and Development (EBRD) has provided a €44 million loan to finance the 269 MW expansion of the Vifor onshore wind farm in Romania. The funding forms part of the project’s €331 million financing package.
Rezolv Energy, a renewable energy platform backed by global infrastructure investor Actis, leads the project. Actis manages US$15 billion in assets worldwide.
The project developer, Rezolv Energy, will increase the wind farm’s total capacity to 461 MW, making it one of Romania’s largest. The firm is currently constructing the first 192 MW phase, backed by a €32 million EBRD loan in 2024, and plans to complete it by early 2026.
Furthermore, the expanded wind farm will generate 1.2 terawatt-hours (TWh) of clean electricity annually, preventing over 500,000 tonnes of CO₂ emissions yearly. Rezolv Energy will sell a significant share of the output on Romania’s domestic power market, contributing to market liquidity.
Meanwhile, the Vifor expansion represents the first EBRD-financed project to benefit from a contract-for-difference (CfD) secured through Romania’s inaugural CfD auction. The government awarded the project a 240 MW CfD in December 2024. EBRD provided technical assistance in designing and implementing the CfD scheme, which targets 5 GW of new wind and solar capacity.
Victoria Zinchuk, EBRD Director for Romania, praised the project’s impact. “We support the Vifor wind farm because it strengthens Romania’s renewable capacity and advances its climate goals under Fit for 55 and REPowerEU,” she said.
In addition, Grzegorz Zielinski, EBRD Director and Head of Energy Europe, underscored the policy value. “We financed this project because it proves that targeted policy support can unlock large-scale private investment in clean energy,” he said. “This is also essential for building a greener, more resilient energy system.”
The EBRD continues to prioritise Romania’s energy transition. To date, the Bank has invested nearly €12 billion in 569 projects across the country, with clean energy and sustainability at the core of its strategy.