Erste provides financing for Enery's 81 MW Romanian renewable energy portfolio acquisition
Enery Power Holding has signed a senior term loan and revolving credit facilities agreement from Erste Group to finance the acquisition of an 81 MW renewable energy portfolio in Romania. The details of the financing were not disclosed.
Enery finalized the acquisition from Jade Power Trust in November 2022; now the company currently has an operating capacity of 273 MW in Romania. The portfolio bought consists of two wind farms in Dobrogea, two solar PV parks, and two mini hydroelectric power plants.
Together with its Romanian affiliate Banca Comerciala Romana SA (BCR), Erste Group arranged the 11-year credit facility. BCR also served as a facility, security agency, and account bank.
Country updates
-
-
January 23, 2023
Tesla to build and equip 40 MW Romanian rooftop solar PV project
TESLA and ELEMENT Industrial (ELI) have signed a partnership agreement for the design and construction of rooftop solar photovoltaics (PV) installations on all ELI buildings in Romania over the next 3...
Read more -
January 12, 2023
Romania to expedite permitting process for solar projects on agricultural land
Romania has enacted a new law to significantly simplify the approval procedure for renewable energy projects on agricultural land. The new law will be published in the official gazette of Romania and...
Read more -
December 06, 2022
MET Group enters deal to acquire 52 MWp solar project in Romania
MET Group has entered into a share purchase agreement to acquire an SPV holding all the rights of the 52 MWp photovoltaic project located near Bucharest in southern Romania. The...
Read more -
November 07, 2022
CCE plans to build eight solar PV project in Arad
CCE Holding, a joint venture between Clean Capital Energy and enernovum, together with Ärzteversorgung Thüringen, is planning to start the construction of eight solar photovoltaic projects i...
Read more -
November 02, 2022
Econergy secures EPC agreements for 172 MW Romanian solar PV projects
Econergy Renewable Energy has signed engineering, procurement, and construction (EPC) agreements for two solar photovoltaic (PV) projects in Romania with a combined capacity of 172 MW. The Parau proj...
Read more
