The project combines photovoltaic power generation with power storage in batteries and has a nameplate capacity of 761 MW, and a 1 GWh battery storage capacity, which makes it one of the largest hybrid projects in Europe.
Once operational, the project should generate enough green power for the equivalent of about 640,000 households and avoid about 303,000 tons of CO2 emissions a year.
The syndicate comprises UniCredit as Global Coordinator, Sustainability Coordinator and Bookrunner, Intesa Sanpaolo Group, represented by Intesa Sanpaolo Bank Romania and Všeobecná úverová banka (Slovakia), as Mandated Lead Arranger and Bookrunner, ING Bank N.V. and its Romanian subsidiary as Mandated Lead Arranger and Facility and Collateral Agent, Banca Transilvania SA and National Bank of Greece (Cyprus) as Mandated Lead Arrangers, as well as Exim Banca Romaneasca SA and Alpha Bank SA as Lead Arrangers.
The transaction includes long-term loan facilities, a revolving facility and a VAT facility and auxiliary facilities, as well as an accordion feature of up to EUR79 million, which allows for a potential expansion of the battery storage capacity of the project.
The International Banks Division of the Intesa Sanpaolo Group, through its subsidiaries Intesa Sanpaolo Bank Romania and Všeobecná úverová banka (VUB), granted a EUR85 million loan of the EUR460 million funding to Enery Development.
Enery Development’s project is located Ogrezeni, Giurgiu County, and should become operational in 2027.
(English version by Loredana Fratila-Cristescu)