Romania Offshore Wind Energy PPP

Deal Summary

A 1,000MW offshore wind farm in the Black Sea, 45km from the Romanian coast near Constanta. Romania's Ministry of Energy has structured a 25-year Contract for Difference (CfD) providing a guaranteed strike price for all generated electricity. EBRD and EIB are co-financing the project as part of Romania's €22B energy transition program.

Background

Romania has one of Europe's strongest offshore wind resources in the Black Sea (average wind speed 8.2m/s) but near-zero offshore capacity today. The project directly supports Romania's 2030 target of 30.5% renewable electricity and the EU REPowerEU initiative. The CfD mechanism was introduced in 2023 following the UK model, making Romania the first CEE country to adopt this structure for offshore wind.