Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), has reached financial close on the 392 MW Pestera II onshore wind project in Constanța county, marking one of the largest renewable energy financings in Romania and the wider Central and Eastern European region, the company announced on June 24. The project finance package comprises approximately EUR 510 million provided by a consortium of seven local and international banks: Erste Bank, Banca Comercială Română (BCR), Deutsche Bank, Société Générale, BRD, Eurobank, and Piraeus Bank. Equity financing is being provided by GMF II and two co-investors, the European Investment Bank and a Danish pension fund.