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Econergy secures €40.5M project financing for its 87 MW Oradea solar project in Romania
TEL AVIV, Israel and BUCHAREST, Romania, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Econergy Renewable Energy (TASE:ECNR), a leading European Independent Power Producer (IPP), has signed a €40.5 million project-finance agreement with Unicredit Bank for its 87 MW Oradea solar project in Crișana region in north-west Romania. The project has been fully connected to the grid and generating revenues since August 2025. The facility will be used, among other purposes, to refinance the loans that funded the proj
About this update from Econergy Ltd
[{"type":"image","alt":"Econergy Renewable Energy Ltd.","displaySize":"","headline":null,"caption":"Econergy Renewable Energy Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":284,"height":117,"url":"https://media.zenfs.com/en/globenewswire.com/9ca92042fbe5a0709890ab9b5006339d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dvrNizzGc_FHsBPGsTzlzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE3MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9ca92042fbe5a0709890ab9b5006339d","width":284,"height":117}},"lazy":false},{"type":"text","content":"TEL AVIV, Israel and BUCHAREST, Romania, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Econergy Renewable Energy (TASE:ECNR), a leading European Independent Power Producer (IPP), has signed a €40.5 million project-finance agreement with Unicredit Bank for its 87 MW Oradea solar project in Crișana region in north-west Romania.","length":315,"tagName":"p"},{"type":"text","content":"The project has been fully connected to the grid and generating revenues since August 2025.","length":91,"tagName":"p"},{"type":"text","content":"The facility will be used, among other purposes, to refinance the loans that funded the project’s construction.","length":111,"tagName":"p"},{"type":"text","content":"Aligned with Econergy’s strategy to hybridize its Romanian solar portfolio, the company plans to add a 68 MW BESS component at the Oradea site.The expected investment for the storage component is approx. €21 million, with an estimated annual contribution of €8.4 million in revenues and €6.7 million in EBITDA (based on the first five full operating years).","length":358,"tagName":"p"},{"type":"text","content":"This marks the second project-finance agreement secured with UniCredit, underscoring the bank’s continued confidence in Econergy’s project quality, execution capabilities, and financial discipline.","length":197,"tagName":"p"},{"type":"text","content":"Image material is available for download and editorial use: https://gcpr.de/presseraum/econergy/","length":96,"tagName":"p"},{"type":"text","content":"Econergy Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including Germany, the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~14GW, Econergy is at the fo...