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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 Bank International AG arranged financing for the Israeli developer, enabling the sale of the facility's output on the Romanian market or to local electricity traders and suppliers. CJR Renewables will construct the Simleu Silvaniei Project, which will feature 148,000 PV modules, 360 fixed structures, and 13 concrete foundations. Nyerges & Partners law firm assisted the developer throughout the project stages, including development, EPC, and O&M contracting, marking the developer's second investment in Romania.
