Currently under construction, the solar park is expected to be enhanced with a battery energy storage system (BESS).
This transaction marks Econergy's second collaboration with Kommunalkredit in the Romanian market.
Vlasceanu & Partners provided comprehensive legal counsel on the financing and security package.
Israeli developer Econergy Renewable Energy has secured €31 million in project financing from Kommunalkredit for its 60MW Ovidiu solar project in Romania.
The European Investment Bank (EIB) is committing €34 million for solar power expansion in Romania.
OMV Petrom will construct a photovoltaic park at its Petrobrazi refinery in Romania.
Nyerges & Partners advised Jinko Power Technology on its entry into the Romanian market through the acquisition of a 50 MW photovoltaic plant combined with a 150 MWh battery energy storage system (BESS) in Olt, southern Romania.
PeliPartners assisted Second Foundation in acquiring stakes in energy storage projects with a combined capacity of approximately 150 MW in southern Romania.
Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.
The World Bank has significantly downgraded its economic growth projections for Romania this year, lowering expectations to 0.5% from the 1.3% forecast issued at the start of 2026.
Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.
The European retail sector faced a cooling period in February 2026, with the latest Eurostat data revealing a divergence between a stabilising Union and a sharply declining Romanian market.
Meta Estate Trust has announced the development of a new commercial asset in Vânători commune, Galați County, based on a 15-year lease agreement with Penny, part of the German Rewe group.
Delgaz Grid, E.ON's distribution company in Romania, invested over €241 million in natural gas and electricity distribution networks last year.
