Banca Transilvania is the mandated lead arranger in one of the largest green financings in Central and Eastern Europe, amounting to 460 million euros, granted to the company Enery (Austria) through a consortium of eight banks.
Financing supports the development of the Ogrezeni project, in Giurgiu County, one of the largest hybrid parks in Europe, which will integrate photovoltaic energy production with an advanced battery energy storage system. It will be completed in the summer of 2027 and will generate green energy to power approximately 684,000 households, contributing to a reduction of emissions by about 303,000 tons of CO₂ annually.
Enery is an independent renewable energy producer in Central and Eastern Europe, and the Ogrezeni project is supported by the partnership with the Three Seas Initiative Investment Fund, a fund dedicated to investments in energy, transport, and digital infrastructure in the European Union countries of Central and Eastern Europe, which aims to increase connectivity, energy security, and economic growth in the "Three Seas" region, located between the Baltic Sea, the Adriatic Sea, and the Black Sea.
Consortium structure:
- Global Coordinator and Sustainability Coordinator: UniCredit Bank
- Mandated Lead Arranger and Facility & Security Agent: ING Bank
- Mandated Lead Arrangers: Banca Transilvania, Intesa Sanpaolo Group, represented by Intesa Sanpaolo Bank Romania and Všeobecná úverová banka (Slovakia), respectively by National Bank of Greece
- Lead Arrangers: Exim Romanian Bank and Alpha Bank, through the Luxembourg branch
The Ogrezeni project represents a major step towards increasing the renewable energy production capacity in Romania and in the region, which contributes to energy security, emission reduction, and local economic development.
