Austrian developer Enery Power Holding has signed a senior term loan and revolving credit facilities agreement for the acquisition of an 81MW renewable energy portfolio held by Jade Power Trust in Romania.
The facility was arranged by Erste Group Bank AG and its Romanian subsidiary Banca Comercială Română SA (BCR), both acting as mandated lead arrangers and hedge providers.
Banca Comercială Română also acted as a facility, security agent and account bank.
The multi-asset portfolio includes two wind farms in Dobrogea region, two photovoltaic systems and two micro hydroelectric power plants.
With this acquisition, Enery’s portfolio of operations in Romania grows to 273MW and its total production increases to 375GWh.
Energy chief executive Richard König and chief operating officer Lukas Nemec said: “This transaction represents a new milestone which marks the diversification of our business into the onshore wind and hydro generation and further strengthens our position in Romania.
“Our portfolio in Romania now comprehends 11 power plants operating under 3 different technologies enabling us to offer a diversified clean energy mix in Romania.
“Erste and BCR acted as our financial partners supporting us in this achievement and displaying strong trust and good cooperation between our teams.
“Erste and BCR have demonstrated deep expertise in the Romanian energy sector, strong execution capabilities and proactivity enabling us to close the transaction in a timely manner.
“We look forward to continue working with Erste and BCR teams in Romania and we would like to congratulate our partners with this achievement!”