Using coal fundamentals in...

A trader’s guide to converting lignite production signals into actionable price intelligence Short-term electricity...

Coal production, trading dynamics,...

Coal production in South-East Europe remains a defining component of the region’s energy...

Coal-fired power plants in...

Coal-fired power plants remain central to the electricity systems of South-East Europe, particularly...

Spread markets take hold...

Southeast Europe is entering a new gas era defined not by rigid pipeline...
Supported byClarion Energy
HomeSEE Energy NewsRomania: Econergy secures...

Romania: Econergy secures €25 million financing from Vista Bank for 56 MW solar project

Israeli renewable energy company Econergy Renewable Energy has secured a €25 million project financing agreement with Vista Bank Romania to support its 56 MW Scurtu Mare solar power plant located in Teleorman County, southern Romania.

The new financing facility will be used to partly refinance shareholder and bridge loans originally provided by Phoenix Group and affiliated entities during the project’s construction phase. The long-term loan, which matures in October 2040, carries an interest rate of three-month EURIBOR plus a margin between 2.5% and 3.5%. Repayment of interest and principal will begin on 31 December 2025, with a grace period on principal payments until 31 March 2026.

Connected to the national grid earlier in 2025, the Scurtu Mare solar power plant is one of Econergy’s flagship renewable energy assets in Romania. The company also plans to expand the site with a 42 MW battery energy storage system (BESS), representing an additional investment of €12 million. The new storage facility is expected to generate around €5 million in annual revenues and achieve an average EBITDA of €4 million during its first five full years of operation.

Econergy stated that the financing aligns with its project-level capital strategy, aimed at supporting sustainable portfolio growth while maintaining a strong financial foundation. By mid-2026, the company expects its total project financing commitments to reach €514 million, reflecting its expanding footprint across the Central and Eastern European renewable energy market.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Using coal fundamentals in short-term spread strategies in SEE power markets

A trader’s guide to converting lignite production signals into actionable price intelligence Short-term electricity trading in South-East Europe revolves around two fundamental realities: the physical nature of the grid and the behaviour of the generating fleet. Among all conventional technologies,...

Coal production, trading dynamics, trader strategies, logistics, quality and future projections in SEE

Coal production in South-East Europe remains a defining component of the region’s energy system. Unlike international hard-coal markets, SEE coal is primarily lignite, mined domestically and consumed domestically in power plants located close to the pits. The economics, quality,...

Coal-fired power plants in SEE – baseload influence, outages, market effects, cross-border trading, lifespan, coal output, quality and environmental costs

Coal-fired power plants remain central to the electricity systems of South-East Europe, particularly in Serbia, Bosnia and Herzegovina, Montenegro, Romania and Bulgaria. These units were built in an era when baseload stability mattered more than flexibility, when domestic lignite...
Supported byVirtu Energy
error: Content is protected !!