| Project Detail |
Location: Romania Project number: 55320 Business sector: Energy Notice type: Private Environmental category: B Approval date: 20 Nov 2024 Status: Approved English-language PSD published: 13 Dec 2024 A senior corporate loan of up to EUR 90 million to ENGIE Romania SA (the Company or ENGIE), a supplier and distributor of natural gas and electricity supplier in Romania, to indirectly refinance the acquisition of 80MW Chirnogeni operational wind project (Chirnogeni), in accordance with ENGIE Groups Green Financing Framework. Project Objectives The EBRD financing is provided alongside a larger financing envelope, which together aim to finance ENGIE Romania decarbonisation plan, setting ambitious targets for reducing GHG emissions and investing in renewable energy with the ambition to reach 1GW capacity by 2030 in Romania. The EBRD financing will enable the sponsor to invest in ca. 250MW greenfield renewable capacity by year-end 2028. |
