Econergy secures €40.5M project financing for its 87 MW Oradea solar project in Romania

Group 1 - Econergy Renewable Energy has signed a €40.5 million project-finance agreement with Unicredit Bank for its 87 MW Oradea solar project in Romania, which has been generating revenues since August 2025 [1][2] - The facility will also refinance loans that funded the project's construction and includes plans to add a 68 MW Battery Energy Storage System (BESS) component at the Oradea site, with an expected investment of approximately €21 million [2] - The BESS component is projected to contribute €8.4 million in annual revenues and €6.7 million in EBITDA over the first five years of operation [2] Group 2 - This agreement marks the second project-finance deal with UniCredit, indicating the bank's confidence in Econergy's project quality and financial discipline [3] - Econergy Group specializes in solar PV, wind, and energy storage projects across key European markets, with a project pipeline exceeding 14 GW [3][4] - The company's local teams enhance collaboration with regulatory entities and communities, while its strategic partnerships are crucial for securing project funding [4]