The European Bank for Reconstruction and Development is reviewing a potential senior loan for ENNA Group’s Mihailesti solar and storage project in southern Romania. The bank’s financing decision is expected by early November. The proposed loan amount has not been disclosed.
Project capacity and battery duration
The development combines 87.5 MW of solar capacity with a 70 MW/140 MWh battery system. At its rated power, the storage is equivalent to two hours of discharge. Neither the total investment cost nor other financial terms have been made public.
Location, output and emissions impact
The project is located in Giurgiu county. Once operational, it is expected to generate approximately 115 GWh annually. It is also forecast to avoid an estimated 47,000 tonnes of CO₂ emissions per year.
Contractor selection and ownership structure
ENEVO Group has been selected as the engineering, procurement and construction contractor. ENNA acquired the development in 2025 from Vienna-based Kraftfeld Solar. The asset is held through PVP Cepheus, which is owned by ENNA Solar and ultimately controlled by Croatia-based ENNA Group.
Storage role in market timing
The project pairs solar generation with storage to provide flexibility over when electricity reaches the market. The financing decision is described as a key step toward delivery. The eventual revenue structure is expected to determine how much value the battery captures from shifting output between trading periods.
