Enery raises $296m to support renewables in central and eastern Europe

Enery has secured more than €250m ($296m) in long-term portfolio project financing to support renewable energy projects across central and eastern Europe (CEE).

Československá obchodní banka served as the sole lender for the long-term renewable project financing, with Československá obchodná banka, a.s. Slovakia  and United Bulgarian Bank acting as sub-participants.

This financing will advance cross-border renewable energy operations in Slovakia, Czechia, Slovenia and Bulgaria.

The transaction uses a portfolio project finance structure involving a single borrower and a single lender, with several operating companies acting as guarantors. The financing is set for a period of 22 years, reflecting a long-term approach to supporting energy transition initiatives in the region and Enery’s planned expansion.

The proceeds will be used to fund the development of a 300MW solar photovoltaic (PV) portfolio and 100MW/220 megawatt-hours (MWh) of battery energy storage systems (BESS) across the CEE jurisdictions.

Co-locating storage with solar generation aims to enhance reliability, boost grid flexibility, and maximise value for customers and local power systems.

Enery CEO Richard König and COO Lukas Nemec said: “Securing more than €250m through this long-term portfolio financing is another strong endorsement of our strategy and execution capabilities.

“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 manages a portfolio that includes 566MW of installed capacity and 213MW currently under construction. The company’s assets generate 766 gigawatt-hours of electricity each year. It manages nearly 700MWh of third-party storage assets and has a development pipeline of almost 10GW across ten CEE countries.

Earlier this month, Enery broke ground on the Ogrezeni hybrid renewable energy project in Giurgiu County, Romania.

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