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.
Country updates
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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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June 21, 2024
Rezolv signed PPA with Deutsche Telekom Group
The Deutsche Telekom Group has signed a cross-border Power Purchasing Agreement (PPA) with Rezolv Energy to offtake power from the 461 MW VIFOR wind farm located in Buzău County, Romani...
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June 14, 2024
First Foundation completed of the 48 MW Onshore wind farm in Romania
Eurowind Energy has completed the first foundation of a 48 MW wind farm in Pecineaga, Romania. The project located in Constanța county consists of 8 Siemens Gamesa SG 6.6-170 turbines with an el...
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May 24, 2024
Final approval secured for 450 MW Wind farm in Romania
The first phase of the 450 MW Vifor wind farm in Buzau county, Romania has been granted setting-up authorization by the Romanian Energy Regulatory Authority (ANRE). Rezolv Energy and Low Carbon are c...
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May 01, 2024
Financing secured for 48 MW Onshore wind project in Romania
Eurowind Energy has successfully obtained a credit facility of EUR65 million (US$ million) to finance the construction of a 48 MW wind farm known as the Pecineaga wind farm in Romania.
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