Distribuție Energie Oltenia secures large green financing for investments

Business Forum

27 March, 2025 at 5:27 PM

Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan that refinances existing debt and adds a further RON 1.76 billion (€353 million) to fund additional investments over the next seven years.

The secured funds are expected to support planned investments for the current regulatory period and the region's broader energy transition ambitions.

The financing syndicate includes BCR, Erste Group Bank, BRD Groupe Societe Generale S.A, UniCredit Bank, Banca Transilvania, Alpha Bank, PKO Bank Polski Warsaw Bucharest Branch, and Siemens Financial Services through Siemens Bank.

DEO's key investments will focus on network expansion for better prosumer and renewable energy connectivity, network modernisation and automation to decrease power outages, and digitalising operations for improved electricity distribution and customer experience.

Greenvolt secures €348 million financing for Romanian wind project

Greenvolt Power has secured €348 million in financing for the construction of a 253.1 MW wind project in Ialomița county, Romania.

Real estate

NewCold secures financing for innovative cold storage facility in Romania

BCR and EBRD are financing NewCold for the development of Romania's first large-scale, fully automated, and digitally integrated cold storage facility.

Energy

Romgaz updates deadline for Iernut power plant completion

Romanian state-owned gas company Romgaz has signed an addendum extending the financing contract for its combined cycle power plant project in Iernut until June 2027.

Agriculture

Carmistin secures €500 million financing for food production investments

Carmistin The Food Company has secured financing of approximately €500 million to continue investments in agriculture and the food industry through a partnership with a bank syndicate.

Finance

Autonom Services secures €300 million credit facility

Romanian mobility solutions provider Autonom Services has signed a €300 million credit facilities agreement.

Energy

Simtel completes Romania's largest solar park on degraded land

Romanian engineering group Simtel Team has commissioned its photovoltaic park in Giurgiu, Romania's largest solar park built on degraded land. The facility has an installed capacity of 52 MWp and an estimated annual production of approximately 73 GWh.