Enery secures EUR 250 million for hybrid power plants in four EU states
Austrian green energy producer Enery has secured financing for hybrid power plants in Czechia, Slovakia, Bulgaria, and Slovenia.
Enery said it has successfully raised more than EUR 250 million in long-term portfolio project financing.
Československá obchodní banka, a. s. (ČSOB) is acting as the sole lender, while United Bulgarian Bank AD and Československá obchodná banka, a.s. Slovakia are subparticipants. The financing has a tenor of 22 years.
The transaction is structured as portfolio project finance, featuring a single borrower and a single lender, and supported by several operating companies as guarantors, Enery explained.
Enery currently operates a portfolio with 566 MW of installed capacity
The financing will be used to support the development and operation of a cross-border renewable energy portfolio in Czechia, Slovakia, Bulgaria, and Slovenia, according to the announcement.
It includes 300 MW of solar capacity and 100 MW / 220 MWh of co-located battery energy storage systems (BESS) assets spanning four countries.
“Securing more than EUR 250 million through this long-term portfolio financing is another strong endorsement of our strategy and execution capabilities,” Enery CEO Richard König underscored.
König: Another strong endorsement of Enery’s strategy and execution capabilities
Teodor Filip, VP Financing at Enery, pointed to this long-term financing as a major milestone for the company. It strengthens its ability to scale renewable generation and storage solutions in the region and supports its contribution to long-term decarbonization goals, he added.
In early January, the company started the construction of one of the largest photovoltaic plants and hybrid power plants in Europe. The Ogrezeni facility will feature an installed peak capacity of 761 MW, coupled with a 1 GWh battery energy storage system.
Enery also intends to commission a four-hour battery storage system of 150 MW in central Bulgaria by the end of the first quarter.
The company currently operates a portfolio of 566 MW in installed capacity, 90% which is solar.
