Israeli company Shikun & Binui Energy announced that it has secured a 49 million euro loan to support the realisation of a 101 MW solar project in northwest Romania.
The financing was arranged with Raiffeisen Bank International AG, allowing the Israeli developer to either sell the power plant’s output on the Romanian wholesale market or attract direct off-takers among local electricity traders and suppliers, Shikun & Binui said in a social media post.
The Simleu Silvaniei Project will be built by CJR Renewables as the construction contractor selected for the facility. It marks the Israeli firm’s second scheme in the Balkan country to reach financial close and see construction works started after the 71-MW Satu Mare project.
