Global Infrastructure SherpaEnery secures €460 million financing for Ogrezeni hybrid solar and battery project in Romania
USD460M
Deal Value
761 MW
Capacity
Austria-based Enery has reached financial close on a €460 million syndicated green project financing for the Ogrezeni hybrid solar and battery project in Giurgiu County, Romania. The project will combine 761 MW of photovoltaic capacity with 534 MW AC and more than 1 GWh of battery energy storage.
Counterparts (11)
Lender
Banca Transilvania
Banca Transilvania is a Romanian bank that provides financial services to individuals and businesses. It is a major lender in Romania and supports various sectors, including infrastructure projects.
I
Intesa Sanpaolo Group
A
Alpha Bank
Alpha Bank is a leading Greek financial institution offering a comprehensive range of banking and financial products and services. In the infrastructure sector, it primarily acts as a lender and financial advisor, providing project finance, syndicated loans, and corporate banking solutions to support large-scale infrastructure and energy transition projects, particularly in Greece and Southeast Europe.
I
ING Bank N.V.
ING Bank N.V. is a global financial institution providing comprehensive project finance, corporate finance, and advisory services to the infrastructure and energy sectors. It is a leading lender in renewable energy, digital infrastructure, transport, and utilities, supporting both greenfield and brownfield projects worldwide with a strong focus on sustainability.
N
National Bank of Greece
National Bank of Greece is a leading financial institution in Greece, providing a comprehensive range of banking and financial services. In the infrastructure sector, it primarily acts as a lender, offering project finance, corporate loans, and advisory services to support the development and operation of key infrastructure projects, with a strong focus on the Greek market and renewable energy.
U
UniCredit
UniCredit is a pan-European commercial bank with a strong presence in Central and Eastern Europe, providing comprehensive financial services. It is a leading financier and advisor for infrastructure and energy transition projects, primarily acting as a lender and financial advisor in large-scale project finance transactions.
Exim Banca Românească
Exim Banca Românească is a state-owned commercial bank in Romania, primarily focused on supporting Romanian companies, including SMEs and large corporations, through various financial products and services. It plays a significant role in financing strategic projects, including those in the infrastructure sector, by providing corporate loans, project finance, and guarantees.
advisor
C
Clifford Chance Badea
Clifford Chance Badea is the Romanian office of the global law firm Clifford Chance. It provides comprehensive legal advisory services, including M&A, project finance, regulatory, and dispute resolution, to clients involved in major infrastructure and energy projects, primarily in Romania and the wider Central and Eastern European region.
S
Sustain LCM Finance
Sustain LCM Finance is a financial advisory firm specializing in sustainable infrastructure and energy transition projects. They provide strategic, financial, and commercial advice across the project lifecycle, focusing on delivering sustainable and impactful solutions. Their expertise spans project finance, M&A, and capital raising for infrastructure assets globally.
S
Schönherr
Deal Analysis
Enery, an Austria-based developer, has successfully secured €460 million in syndicated green project financing for its Ogrezeni hybrid solar and battery project in Giurgiu County, Romania. This significant financial close, announced for 2026-03-04, underscores a major investment in renewable energy infrastructure. The project is notable for its substantial scale, combining 761 MW of photovoltaic capacity with 534 MW AC and over 1 GWh of battery energy storage, positioning it as a key contributor to Romania's energy transition and grid stability.
The deal's notability extends to the robust financial backing and advisory support it has garnered. A diverse syndicate of seven lenders, including prominent Romanian institutions like Banca Transilvania and Exim Banca Românească, alongside international banks such as Intesa Sanpaolo Group, Alpha Bank, ING Bank N.V., National Bank of Greece, and UniCredit, highlights strong market confidence in large-scale hybrid renewable projects. The involvement of multiple advisors, including Clifford Chance Badea, Sustain LCM Finance, and Schönherr, further indicates the complexity and strategic importance of this financing. This transaction reflects the growing trend of integrating battery storage with solar generation to address intermittency and enhance the reliability of renewable energy supply in emerging European markets.
- Large-scale hybrid project combining 761 MW solar PV with over 1 GWh of battery energy storage.
- Significant €460 million syndicated green project financing.
- Diverse syndicate of seven international and local lenders, indicating strong market confidence.
- Located in Romania, highlighting investment in emerging European renewable energy markets.
Timeline
Announced
Mar 4, 2026
Signed
Closed