UniCredit Bank, BCR and Erste Group Bank AG acted as Original Lenders and Mandated Lead Arrangers. BCR and UniCredit acted as Joint Coordinators and Bookrunners, while UniCredit was nominated as Documentation Agent and BCR was nominated as ESG Coordinator, Security and Facility Agent.
This landmark financing deal will support the development and consolidation of Enery’s renewable energy projects in Romania, marking a significant step in the company’s commitment to driving sustainable energy solutions in the region.
“We are proud to be in the first row in Romania to unlock the potential of renewable energy towards a sustainable tomorrow through our financing solutions. At UniCredit, through our financing and advisory services and our strong coverage expertise, we are committed to supporting our clients with our international knowledge and talent. We are honored to build on our partnership with Enery and deliver this landmark renewable portfolio financing for our client and for the entire green energy sector in Romania. We will continue to deliver additional financing to support sustainable energy solutions and the transition to clean energy of our clients”, said Raluca Popescu, Executive Vicepresident Corporates UniCredit Bank.
The loan facility is strategically allocated to refinancing the entire Romanian renewable energy portfolio, providing financial stability and operational efficiency, constructing a new 64.5 MW PV project and co-locating battery energy storage systems (BESS) in all operational and greenfield power plants to enhance grid stability and storage capabilities.
“This type of portfolio financing tailor made to Enery’s portfolio and plans for Romania, supports the company in becoming a full green IPP in Romania, while offering lenders a diversified asset base with an adequate mix of PPAs and batteries to hedge balancing, power and capture price risks. We are especially thankful to the lenders for structuring this financing, as traditional financing does not offer an intermediate solution between Project Financing and Corporate Financing for growing RES IPPs. The company can thus focus on delivering innovative renewable energy projects that drive long-term sustainability and economic value,” said Sebastian Staicu, VP Financing from Enery.
From a legal point of view, the deal was facilitated with the support of the Romanian team of Schönherr on the borrower side. Clifford Chance Badea advised on the lender side.