The funding is secured from a consortium of seven banking groups, including UniCredit, Intesa Sanpaolo Group, ING Bank NV, Banca Transilvania SA, National Bank of Greece (Cyprus), Exim Banca Romaneasca SA and Alpha Bank SA. It consists of term loan facilities, a revolving facility, a VAT facility and ancillary facilities, as well as an accordion feature of up to EUR 79 million that can be used for a potential increase of the project’s battery capacity.

Enery also announced the launch of a Sustainable Financing Framework, with the Ogrezeni financing being the first structured under it. This is the first of many eligible projects to be financed under this newly adopted framework, the company said.

“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. With our Sustainable Financing Framework now in place, we are strengthening the foundation for long-term development across the CEE region and accelerating the transition to a more resilient, low-carbon energy system,” said CEO Richard Koenig and COO Lukas Nemec.

The Ogrezeni project, backed by Enery’s partnership with the Three Seas Initiative Investment Fund (3SIIF), is located in Giurgiu County, southern Romania. Enery announced the project’s start recently, with site works set to begin in the first quarter of 2026.

(EUR 1 = USD 1.159)