“Through our prominent participation in such projects, we actively contribute to the energy transition and to achieving the objectives undertaken by Romania in terms of sustainable energy and energy efficiency,” said Jean – Philippe Guillaume, Deputy CEO, coordinator of the Corporate Banking division within BRD Groupe Société Générale.
The bank syndicate included among others BCR, Erste Group Bank AG, BRD Groupe Societe Generale S.A., UniCredit Bank S.A., Banca Transilvania S.A., Alpha Bank S.A., PKO Bank Polski S.A Warsaw Bucharest Branch and Siemens Financial Services via Siemens Bank GmbH.
The deal is one of the largest “green” loans on the Romanian market ever and was meant to secure funding for additional investments in the next seven years.
The funding provided targets the expansion and consolidation of the network to facilitate the connection of prosumers and renewable energy sources, the modernization and automation of the network to reduce the duration and frequency of electricity outages, as well as the digitalization of activities, enabling improved management of electricity distribution and an optimized experience for consumers.
Distributie Oltenia, part of Evryo Group, provides electricity to more than 1.5 million consumers across seven counties in the region of Oltenia, as follows: Dolj, Arges, Olt, Gorj, Valcea, Mehedinti and Teleorman.