Nala Renewables acquires onshore wind project from OX2
Adds detail from paragraph 3
Aug 5 (Reuters) -Commodity trader Trafigura's Nala Renewables, a 50-50 joint venture with funds managed by IFM Investors, has acquired a 99.2 megawatt (MW) onshore wind project in eastern Romania from renewable energy company OX2.
The deal is Nala's third in Central and Eastern Europe (CEE) this year, Trafigura said on Monday without disclosing the price, adding that the business has more than 1.5 GW of renewable energy projects in the region.
Construction of the project, which will consist of 16 Vestas V162-6.2 MW wind turbines, is expected to start in the third quarter of this year and is likely to begin testing during the first half of 2026.
The deal includes a 12-year power purchase agreement with a multinational company and the financing for the transaction is being provided by Erste Group and its subsidiary Banca Comerciala Romana, Trafigura said without disclosing terms of the agreements.
Reporting by Swati Verma in Bengaluru
Editing by Jason Neely and David Goodman
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