Enery has secured $541.93 million in senior debt financing for the Ogrezeni solar + BESS project in Romania, signed on December 24, 2025. The facility was structured as full project finance, with UniCredit acting as sole global coordinator and leading a club of eight banks. Proceeds will fund construction and commissioning.

The key signal is not the size of the asset, but the timing and structure of the debt. Lenders are committing at scale to a hybrid project before construction ramps, indicating growing comfort underwriting merchant-exposed solar paired with large-duration storage in Eastern Europe under a clean project finance framework.

Ogrezeni combines a 761 MWdc / 534 MWac solar PV plant with a 534 MW / 1,068 MWh battery system in Giurgiu County, Romania. Construction began in early 2026, with energization targeted for summer 2027. ENEVO Group has been appointed EPC for PV and grid connection works, consolidating delivery responsibility.

From a commercial lens, this deal shows that lenders are prioritizing execution-ready hybrids with clear EPC scope and grid strategy over pure development optionality. Storage is no longer treated as an add-on; it is central to credit underwriting.

The broader signal is that Romania is moving from pipeline noise to bankable scale. Capital is following projects that can absorb volatility and deliver flexibility, and banks are now willing to size debt accordingly when structure and execution are tight.

Want to stay updated on the latest renewable energy deals and strategies shaping the future of power?
Explore our latest insights, project updates, and more at Enerdatics.
Don’t forget to subscribe to our newsletter for real-time updates.