Econergy Renewable Energy has secured €40.5 million in project financing from UniCredit Bank to support operations at its Oradea solar power plant in northwestern Romania. Part of the funding will be used to refinance existing debt from the plant’s construction phase.
The 87 MW solar facility, located in the Crisana region, has been fully operational since August 2025, delivering electricity to the grid and generating stable revenues for the company. With the new financing in place, Econergy is preparing for the next phase of development at the site.
As part of its broader strategy to transform its Romanian solar portfolio into hybrid installations, Econergy plans to add a 68 MW battery storage system at Oradea. The investment, estimated at €21 million, is expected to generate annual revenues of approximately €8.4 million and produce roughly €6.7 million in EBITDA over the first five full years of operation.
This expansion positions the Oradea site to play a key role in enhancing grid stability and supporting Romania’s transition toward renewable and hybrid energy solutions.