Nala Renewables has acquired a wind power project from developer OX2. The 99.2MW initiative is planned for a site in Romania.
This is Nala's third transaction this year in Central and Eastern Europe, a regional market that is one of the company's main focus at the moment.
The project will feature 16 Vestas turbines and should be operational by 2026. A 12-year power purchase agreement (PPA) with an undisclosed multinational offtaker has already been secured.
Construction is scheduled for the third quarter of 2024.
For more information on projects in Romania, please visit EICDataStream.