| 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. |
