BIG MEGA Renewable Energy, a joint venture between publicly listed Israeli real-estate companies BIG Shopping Centers Ltd. and MEGA OR Holdings, has built a growing presence in Romania’s wind energy sector through two major project financings over the past two years.
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Big MEGA secures loans to build wind farms in Romania
BIG MEGA Renewable Energy, a joint venture between publicly listed Israeli real-estate companies BIG Shopping Centers Ltd. and MEGA OR Holdings, has built a growing presence in Romania’s wind energy sector through two major project financings over the past two years.
In 2024, BIG MEGA secured financing for its 102-megawatt Urleasca wind farm in Braila County. That project was later constructed by Portuguese EPC contractor CJR Renewables and marked the company’s first large-scale Romanian wind development.
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In late 2025, with public reporting in January 2026, BIG MEGA announced a second major financing: a €100 million syndicated loan to support the construction of a 102-MW wind farm in Vacareni, Tulcea County. The financing was arranged with a syndicate of European lenders including Erste Group Bank, Banca Comerciala Romana, Intesa Sanpaolo’s Romanian unit, and Vseobecna uverova banka, according to deal advisor Kinstellar. The Vacareni project has ready-to-build status and will include 17 wind turbines.
Together, the two projects represent more than 200 MW of wind capacity in southeastern Romania, a region with strong wind resources and increasing demand for low-carbon electricity under European Union climate targets. Romania has become one of Southeast Europe’s more active renewable markets as grid modernization and policy alignment continue.
Tafila wind farm in Israel
BIG MEGA Renewable Energy was created to extend the founding companies’ activities beyond traditional real estate into long-term infrastructure assets. BIG Shopping Centers and MEGA OR Holdings are both experienced developers and operators of capital-intensive, income-producing properties and are publicly traded on the Tel Aviv Stock Exchange (TASE).
Their renewable expansion comes during a period of strong performance on the Israeli stock market. Over the past three years, Israel’s major indices — including the TA-125 and TA-35 — have delivered some of the strongest cumulative returns among developed markets, supported by gains in technology, finance, real estate, and defense-related sectors. This market strength has increased international visibility of Israeli public companies and supported their ability to expand abroad.
Foreign investors cannot invest directly in BIG MEGA Renewable Energy (on Crunchbase), which is a private joint venture led by Eran Davidi. However, they can gain indirect exposure by investing in its publicly listed parent companies through institutional brokers, global investment banks, Israel-focused equity funds, or international ETFs that track Israeli equities.
BIG MEGA has not yet announced a commercial operation date for the Vacareni wind farm, nor any additional project phases. But the two successive financings — in 2024 and 2026 — show a steady, project-by-project strategy rather than a single one-off investment, reflecting a longer-term commitment to Romania’s renewable energy market.
The post Israeli investors secure $120 million USD loan to build wind power in Romania appeared first on Green Prophet.
