Econergy Renewable Energy has secured EUR 38 million (US$39.5 million) financing from Raiffeisen Bank International (RBI) for acquiring, developing, and constructing the 92 MW Parau solar project which began operations in 2024 in Romania.
The loan, with a maturity of up to 10.5 years, features structured repayments and a final balloon payment, with an interest rate tied to the six-month EURIBOR. Earlier in December 2024, Econergy Renewable Energy announced the completion of bond issuance, raising ILS 329 million (US$89.8 million). This milestone strengthens Econergy's partnership with RBI following the successful financing of the 155 MW Ratesti solar project
Country updates
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September 02, 2024
Israeli developer secures US$ 122.5 million for solar plants in Romania
Nofar Energy has obtained EUR 110 million (US$122.5 million) in financing from the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International to build two solar projects...
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August 09, 2024
Funding secured for 60 MW solar plant in Romania
The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group have provided EUR 24.4 million (US$ 26.6 million) in funding to the INVL Renewable Energy Fund I, run by Lithuan...
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August 08, 2024
OX2 sold 99 MW wind farm in Romania for USD 238 million
OX2 has closed an agreement to sell a 99.2 MW onshore wind project in Romania to Nala Renewables.
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July 15, 2024
Shikun & Binui arranges funds for 101-MW Romanian solar project
Israeli company Shikun & Binui Energy announced that it has secured a EUR 49 million (USD 52.6 million) loan to support the realization of a 101-MW solar project in northwest Romania. Raiffeisen...
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July 08, 2024
Power purchase agreement signed for output from 461 MW Vifor wind farm
Rezolv Energy, the Actis-backed independent power producer in Central and Southeastern Europe, through their project subsidiary First Looks Solutions S.R.L., has signed a 10-year virtual power pu...
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