A major renewable energy development in southern Romania has secured the financial backing needed to move into its next phase. Enery has completed a 460 million euros syndicated financing agreement to fund construction of the Ogrezeni hybrid facility, a project that will merge large-scale solar generation with substantial battery storage capacity.
The planned installation will deliver 761 MW of solar capacity and will be paired with an energy storage system exceeding 1 GWh. Once operational, the site is expected to rank among the most significant hybrid renewable assets in the region, combining generation and storage to enhance network stability and flexibility.
Funding for the venture has been arranged through a group of seven banks: UniCredit, Intesa Sanpaolo Group, ING Bank NV, Banca Transilvania, National Bank of Greece in Cyprus, Exim Banca Romaneasca, and Alpha Bank. The financing package incorporates long-term loan tranches, a revolving credit facility, VAT-related funding, and additional supporting instruments. An embedded accordion option of up to 79 million euros allows for the possibility of expanding the battery component at a later stage.
The transaction also marks the debut of Enery’s newly established Sustainable Financing Framework. The Ogrezeni project is the first investment structured under this platform, which is designed to support environmentally aligned infrastructure across Central and Eastern Europe. The company indicated that further renewable initiatives are expected to be financed using the same framework.
According to Enery’s leadership, closing the deal reflects strong lender confidence in the company’s capacity to execute technically complex and large-scale energy projects. Management views the financing as a strategic milestone that reinforces its long-term regional ambitions while contributing to the broader shift toward low-carbon energy systems.
The development is being implemented in cooperation with the Three Seas Initiative Investment Fund and is situated in Giurgiu County. Construction activities are scheduled to commence in the first quarter of 2026, following the project’s recent formal launch.
