The Ovidiu project represents a key milestone in the company’s portfolio expansion in Romania. The financing will primarily fund development and construction costs and refinance related shareholder loans, supporting the project through to commercial operation.
Aligned with Econergy’s hybridisation strategy across its Romanian portfolio, the company plans to add a Battery Energy Storage System (BESS) component to the Ovidiu site, with construction expected to commence by the end of the year.
This transaction marks the second project finance agreement secured with Kommunalkredit, following the financing of the Iancu Jianu project, further underscoring the bank’s continued confidence in Econergy’s project quality, execution capabilities, and disciplined financial structuring in the Romanian market.
Romania remains a core growth market for Econergy, with a diversified pipeline of solar and storage assets at various stages of development and construction. The Ovidiu financing strengthens the company’s capital structure and reinforces its strategy of scaling bankable, execution-ready renewable assets across Europe.
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