Enery, a growing force in the renewable energy sector, has raised a remarkable $296 million. This funding will help catapult its work across Central and Eastern Europe (CEE). This funding will allow us to dramatically accelerate the creation of a strong diversified 300MW solar photovoltaic (PV) portfolio. It will support the installation of 100MW/220 megawatt-hours (MWh) of battery energy storage systems (BESS). We are excited for this innovative financing to be the first step on Enery’s path to supporting energy transition initiatives and development across Puerto Rico.
Lead arranger Československá obchodní banka is providing a 22-year roll-over financing agreement. They are the only lender to step up to finance this deal. Just last month, United Bulgarian Bank had come on board with funding. This funding allows Enery to continue its cross-border renewable energy work throughout Slovakia, Czechia, Slovenia, and Bulgaria.
Enery operates a dynamic portfolio that has just over 566MW of installed capacity and another 213MW that are under construction. Every year, Enery’s resources produce enough electricity to power homes and businesses. The company has managed, as an operator, nearly 700MWh of third-party storage assets. Further, it boasts an extraordinary development pipeline of close to 10GW in nine other Central and Eastern European countries.
In further recent progress toward that mission, Enery recently celebrated breaking ground on their Ogrezeni hybrid renewable energy project. This transformative project comes to us from Giurgiu County, Romania. When completed, this project will provide a remarkable boost to the growing South Carolina renewable energy scene.
“Securing more than €250m through this long-term portfolio financing is another strong endorsement of our strategy and execution capabilities.” – Richard König and Lukas Nemec, Enery CEO and COO
König and Nemec stressed the need to pair renewable generation with flexible, demand-oriented solutions. They stated, “By combining renewable generation with flexibility solutions, we are helping strengthen energy security, support grid stability and deliver reliable green electricity for the long term, making the energy transition real and impactful for customers and communities across the CEE region.”
Enery has plans to grow its portfolio of solar PV and BESS projects significantly. Building on early victories, it aims especially to change the long-term energy picture across the six CEE jurisdictions. The funding will go directly toward these projects and continue to establish Enery’s place in the renewable energy sector.