Core Insights - Enery has secured €460 million ($534 million) in syndicated green project financing to construct the Ogrezeni hybrid energy facility in Romania, which will integrate photovoltaic generation with battery energy storage [1][2] Financing Details - The financing will support a facility with an installed capacity of 761 MW-peak/534 MW-alternating current and over one gigawatt-hour of battery storage, aiming to provide renewable electricity for nearly 684,000 households annually and reduce carbon dioxide emissions by approximately 303,000 tons per year [1][2] - The funding agreement includes various financial instruments such as a revolving facility, term loan facilities, VAT and ancillary facilities, and an accordion feature valued at up to €79 million for potential expansion of battery storage capacity [2] Banking Consortium - A consortium of seven banking groups participated in the financing, with UniCredit acting as global and sustainability coordinator and bookrunner, while Intesa Sanpaolo Group and ING Bank also served as mandated lead arrangers [3] Sustainable Financing Framework - Enery structured the transaction under its Sustainable Financing Framework, which aligns with international green bond and loan principles, as well as EU Taxonomy Regulation [4] - Sustainable Fitch provided a second-party opinion confirming the framework's compliance with these standards [4] Company Statements - Enery's COO and CEO emphasized that securing this financing is a significant milestone in the company's growth and reflects confidence in its ability to deliver renewable energy infrastructure at scale [5] - The Sustainable Financing Framework is seen as a foundation for long-term development in Central and Eastern Europe, facilitating the transition to a low-carbon energy system [5] Legal and Advisory Support - Schönherr advised Enery on legal matters, while Clifford Chance Badea provided legal counsel to the lending banks [6] - The project is part of Enery's collaboration with the Three Seas Initiative Investment Fund, which focuses on infrastructure investments in energy, transport, and digital projects across Central and Eastern Europe [6]