ISP logo
Menu

News

placeholder

News

268 days ago

EUROWIND SECURES €65M ROMANIAN WIND FARM!

Industry News

Eurowind Energy has signed a €65m credit facility for the construction of a 48MW wind farm in Romania.

 

The credit facility for the Pecineaga wind farm is with Erste Group Bank and its Romanian subsidiary Banca Comerciala Romana, which are jointly financing the investment loan, with each contributing €32.66m.

 

The credit facility matures by the end of 2040 and covers 70% of the total development costs of the Pecineaga park.

In addition, the two banks are providing Eurowind Energy with a package worth €18m, including a VAT facility and other products dedicated to supporting the Pecineaga project.

 

Pecineaga wind farm is scheduled to become operational in the first quarter of 2025 and involves a total investment of €93m.

 

Adrian Dobre, Country Manager for Romania for Eurowind Energy, said: “We appreciate the professionalism and high level of engagement shown by Banca Comerciala Romana and Erste Group in this transaction.

 

“We hope this is just the beginning of a fruitful relationship. Our Pecineaga wind farm is our first construction project in the new wave of renewables in Romania.

 

“Eurowind Energy sees Romania as an attractive growth market and to realize our substantial development pipeline, we need partners like Banca Comerciala Romana and Erste Group that can see both purpose and commercial value by playing a part in financing the green transition of Romania.”

 

“Erste Group is proud to partner with Eurowind on this important energy transition project.

 

“Erste Group, with over 200 years of history, is dedicated to investing in CEE’s sustainable development and fostering the region’s financial health. Pecineaga wind farm will provide clean, renewable, and reliable energy to households and companies in Romania.

 

“I would like to thank the many individuals and teams who helped make this project possible, especially the joint Erste Group/BCR structuring deal team and the entire Eurowind team for the trustful and constructive cooperation.

 

“Pecineaga wind park represents a remarkable contribution to Romania’s green energy transition and is significant for the wider region.

 

“Together with our clients, we will continue supporting the transition to greener energy,” said Wolfgang Hargassner, Head of Corporate Finance at Erste Group.

 

Mihaela Iorga, Business Development Director Corporate BCR, added: “BCR plays an active role in promoting the transition to a green economy, and the funding for Eurowind Energy confirms our expertise and cooperation in developing a sustainable energy sector.

 

If you would like more information on how to join the Wind Industry, please contact us! 

Latest Jobs

Onshore Wind

QHSE Advisor

United Kingdom

Our client’s objective is to provide a healthy work environment, to promote sound work practices and a healthy lifestyle for everyone involved in their business. QHSE is therefore one of the supportive departments that is involved in all Quality, Health, Safety and Environmental matters on their projects, vessels, and in HQ.As a project QHSE Advisor you will be part of the team that is on site on one of their projects worldwide, responsible for the maintenance and control of QHSE-S practices on site, as well as inspecting all activities and equipment to reassure proper operation and implementation of procedures. Primary Tasks and Responsibilities:Project QHSE reporting, KPI and communications with Project management and vesselParticipating in meetings and toolboxes onboard and on siteInvestigation incidents & non-conformitiesEngage the supervisors and workforce to actively participate in HSE matters and campaignsCarry out HSE inspections on the work floor and ensure proper reporting, communication and follow-up of the findingsManagement SHOC cards on board/on siteTechnical Profile Requirements:Experience with working on construction sites in UKConversant with the UK and Scottish QHSE regulations.Provide support to the project team for all QHSE related mattersBack-to-Back of their QHSE ManagerEnsure that personnel use the latest versions of PQMP, PHSEMP, ITP, MST, RA, etc.Non-Technical Profile Requirements:Strong communication skillsGood knowledge & experience with MS OfficeGood command of English, both written and spoken - any other languages are a plusMethodology/Certification Requirements:MSC/MSc Degree in Civil Engineering, Mechanic Engineering, Chemical Engineering OR equivalent through experienceValid CSCS certificationExperience in dredging projects

Onshore Wind

Team Leader

Belgium

Our client are looking for an experienced Team Leader to join their service team in Belgium. This is a fantastic opportunity for someone looking to drive service excellence within a zero-harm environment, whilst growing their career in a leading renewable energy company.   Responsibilities Operations & MaintenanceManage WT work activities & preparation for O&M TeamsEnsure proper SAP bookings and SO closuresQuality control of maintenance reportsProvide feedback on work qualitySupport Notified Body department in North area controlsManage workload capacityDispatchingMonitor assets in real-time (Bazefield/supervision PC)Prioritize breakdown handlingEnsure FST handles first-line technical supportManage on-call duties for HSE, availability, or production issuesManagementMaintain field presenceConduct safety tours and workplace inspectionsAddress team weaknesses through trainingMonitor service vehicles conditionOversee proper material & goods usageLogistics and Supply ChainCoordinate with logistics for tools & material availabilityOversee workshop repairsManage Antenna Gent facilities needsHuman ResourcesTeam managementHoliday and leave administrationConduct annual performance reviewsMonitor technician developmentSHEQ (Safety, Health, Environment, Quality)Lead toolbox meetings following VCA certification guidelinesManage subcontractor work permitsAssess external parties' safety performanceMonitor OCC tool restrictionsCustomer RelationsDaily customer reportingO&M manager feedbackRequired SkillsHSE ambassadorCustomer-oriented mindsetTechnical Electromechanical knowledgeLeadership and coaching abilitiesStrong communication and presentation skillsTeam player with networking abilitiesFlexible decision-makerProactive attitudeQualificationsBachelor's degree or Secondary equivalentMinimum 6 years' experience in Wind industryLanguage RequirementsDutch (Main)English (Fluent)French (Basic, optional)Career Progression OpportunitiesArea ManagerO&M ManagerTechnical DirectorCustomer Relation ManagerAsset ManagerHSE ManagerFST transitions

Onshore Wind

Commercial Manager

United Kingdom

Our client is looking for a Commercial Manager to join their team. This key role serves as the focal point for all commercial matters within the department, ensuring minimal value leakage from signed contracts, optimizing the design of new agreements, and enhancing our commercial management framework. Your contributions will directly support the growth and success of the UK&I renewables onshore business. Working collaboratively with stakeholders at all levels across the UK&I teams, you’ll proactively ensure that contract requirements are met, and their impacts are successfully managed to align with broader business objectives. Key Responsibilities Oversee the day-to-day coordination of multiple commercial managers, currently provided by an outsourced partner.Lead governance for commercial management, ensuring contract delivery aligns with governance requirements and supports project and business goals.Collaborate with commercial managers to achieve project deliverables, monitor KPIs, and drive performance in areas such as programme delivery, cost control, and value engineering.Support the procurement process during the pre-award phase and provide commercial management expertise throughout contract execution (post-award). Requirements Able to demonstrate a considerable track record of administering successful contracts.Strong understanding of contract performance measurement, risk management and change and claim management within governance parameters and adopting best practice.Providing accurate project cost monitoring, forecasting and reporting to completion in line with budget and then driving improvements in the accuracy of forecasts and budgetsPro-actively monitoring and managing cost variance and contract cash flow and ensuring that applications are made correctly and in a timely manner.A track record with most common forms of contract (e.g. NEC, JCT and FIDIC) within the construction and infrastructure environment; with particular knowledge of UK Law and its impact upon the contract and commercial function.Ideally with previous experience within the renewables or power construction industry and major projects and programme environment.Able to drive change into traditional stakeholder relationships and gather business support for new ways of working that create value for the business.Ability to work collaboratively across teams and geographies to form alignment.Expert in creating and delivering longer term plans and outcomes.Excellent negotiation skills and the ability to proactively challenge and influence key stakeholders.Good written and verbal communication skills with ability to communicate at all levels.Adopts a collaborative approach.Leads by example, is resilient and able to navigate complex challenges & deal with ambiguity.