The funding will finance construction of Enery's Ogrezeni hybrid project in Giurgiu County, Romania, combining photovoltaic generation with battery energy storage. With an installed capacity of 761 MWp / 534 MW AC and more than 1 GWh of battery storage, Ogrezeni will be among Europe's largest hybrid projects. Once operational, the plant will generate enough green electricity to power approximately 684,000 households and avoid around 303,000 tonnes of CO₂ emissions annually.
The syndicate includes UniCredit as Global Coordinator, Sustainability Coordinator and Bookrunner; Intesa Sanpaolo Group and Všeobecná úverová banka from Slovakia as Mandated Lead Arranger and Bookrunner; ING Bank and its Romanian subsidiary as Mandated Lead Arranger and Facility & Security Agent; Banca Transilvania and National Bank of Greece (Cyprus) as Mandated Lead Arrangers; and Exim Banca Românească and Alpha Bank as Lead Arrangers.
The financing was structured under Enery's newly adopted Sustainable Financing Framework, which provides a standardised approach for issuing green and social financing instruments in alignment with ICMA Green Bond Principles and LMA, LSTA and APLMA Green Loan Principles and Social Loan Principles. Richard König, CEO, and Lukas Nemec, COO at Enery, commented: "Securing this financing is a major step in Enery's growth journey and a clear vote of confidence in our ability to deliver complex, future-proof renewable energy infrastructure at scale."
The Ogrezeni hybrid project is underpinned by Enery's partnership with the Three Seas Initiative Investment Fund, a commercial infrastructure fund investing in energy, transport and digital infrastructure across EU member states in CEE. Sebastian Staicu, Head of Financing at Enery, said: "This transaction reflects strong lender appetite for well-structured hybrid renewable projects and strong sponsors. The oversubscription and flexible financing package positions the project for long-term optimisation and value creation."
