The EBRD will provide a secured loan of up to €34 million. The EIB will provide the same amount and BCR will provide up to €17.5 million.
The loans will be provided to Solar World SRL, RB Solar Energy SRL and Energie Soleil SRL for the development, construction and operation of two solar power plants.
The plants will have a total installed capacity of 189.7 MW, which will significantly advance the country’s renewable energy plans. Once operational, they are expected to produce about 286.9 GWh of clean electricity per year, preventing the emission of about 118,600 tons of carbon dioxide annually.
A 65% controlling stake in the three new Romanian companies is held by Scatec ASA, a Norwegian renewable energy development company. And the remaining 35% is held by Turkish engineering services provider Defic Globe Energji AS. This project marks Scatec ASA’s entry into the Romanian renewable energy market.
