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Mar 16, 2026 8:01 AM

Econergy secures €31m project financing for its 60MW Ovidiu PV project in Romania

BUCHAREST, Romania, March 16, 2026 (GLOBE NEWSWIRE) -- Econergy Renewable Energy Ltd. (TASE: ECNR), has signed a €31 million project finance agreement with Kommunalkredit for its ~60MW Ovidiu PV project in Romania.

The Ovidiu project is currently under construction and represents a key milestone in the company's portfolio expansion in Romania. The financing will primarily fund development and construction costs and refinance related shareholder loans, supporting the project through to commercial operation.

Aligned with Econergy's hybridization strategy across its Romanian portfolio, the company plans to add a Battery Energy Storage System (BESS) component to the Ovidiu site, with construction expected to commence by the end of the year.

This transaction marks the second project finance ...