Econergy Renewable Energy has signed its second project financing agreement with Raiffeisen Bank International (RBI), a unit of Austria’s Raiffeisen Bank Group.
The power producer will use this financing of around €38m ($39.5m) to repay loans for the acquisition, development, and construction of its 92 MW Parau photovoltaic solar project in Romania.
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This loan agreement includes a maturity of up to ten and a half years, structured repayments, and a balloon payment at final maturity.
The interest rate is linked to the six-month EURIBOR at a competitive margin.
Econergy Renewable Energy said the deal comes after the successful financing of the 155 MW Ratesti solar project.
In September 2024, the European Bank for Reconstruction and Development (EBRD) approved a senior loan of up to €70m for UniCredit Leasing Corporation IFN, claimed to be Romania’s largest leasing company.
This financing, part of the Financial Intermediary Framework, will provide leases to small and medium-sized enterprises (SMEs) across Romania.
The EBRD stated that the loan aims to help UniCredit Leasing grow its SME portfolio while boosting competitiveness and strengthening leasing resilience.
This July, the EBRD announced a loan of up to €5m to Raiffeisen Leasing Kosovo, to support SMEs in the region.
The EBRD financing will facilitate investments to enhance working standards and processes, as well as integrate green technologies.
Local SMEs can also benefit from grant incentives of up to 15% of the loan value.
