The agreement includes a long-term loan covering construction loans, VAT, a facility to finance the debt service reserve, and letters of guarantee. The loan structure is aligned with the Green Loan Principles and the EU Taxonomy, the company officials say.
“With the signing of this financing agreement, we have taken another important step for DRI: the first syndicated, multi-currency international financing certified as a green loan,” says Ivan Geliukh, CEO of DRI.
This is an important feat not only for DRI, but also for Romania, as it will contribute to the continued development of renewable energy sources in the country, he added.
Work on the Vacaresti PV park, with an installed capacity of 126 MWp, began in January, and the park should become operational this fall.
From January 2027, DRI will be selling 50% of the park’s production to OMV Petrom S.A., the leading integrated energy producer in Southeast Europe, under the largest direct photovoltaic energy purchase agreement (PPA) in Romania, signed last December.
DRI has three operational projects in Romania, totaling 173MWp: the two photovoltaic parks, Glodeni I and Glodeni II, with a combined installed capacity of 113MWp, one of the largest renewable energy sites in the country, and a 60MW wind farm in Ruginoasa, the first built in Romania in the last decade.
In its priority markets, DRI has a portfolio of 1.3GW of projects in operation, construction, and other stages of development.
(English version by Loredana Fratila-Cristescu)