Exim Banca Românească Joins EUR 229 Million Financing for the Parau 2 Solar and Storage Project

Financing consortium of EBRD, BSTDB, Exim Banca Romaneasca, NLB, OTP Bank and Intesa Sanpaolo Romania, with EU InvestEU guarantee support, backs a 342 MWp solar PV plant with 150 MW of co-located battery storage in Brașov County

Econergy has signed financing agreements for its Parau 2 solar and battery energy storage project with a six-lender consortium comprising the European Bank for Reconstruction and Development (EBRD), Black Sea Trade and Development Bank (BSTDB), Exim Banca Romaneasca S.A., NLB d.d., OTP Bank Plc and Banca Comerciala Intesa Sanpaolo Romania, for an aggregate financing package of approximately EUR 229 million.

Parau 2 will combine a 342 MWp solar photovoltaic power plant with 150 MW of co-located battery energy storage system The battery system will allow electricity generated on site to be stored and dispatched when the grid needs it, supporting the integration of renewable energy and improving the flexibility of Romania’s electricity system.

Parau 2 also secured the largest capacity award in Romania’s CfD mechanism, 125 MW(ac) at EUR 49.4/MWh for 15 years from commercial operation at the end of 2027 or early 2028, locking in long-term revenue stability and a strong financing profile.

Traian Halalai, Executive President of Exim Banca Romaneasca, commented:

“As energy security becomes increasingly important on the global agenda, Exim Banca Romaneasca remains committed to supporting investments that advance the transition to a more diversified, sustainable and resilient energy sector. Our participation in the financing of the Parau 2 project, alongside the other leading financial institutions, confirms the Bank’s capability and expertise in backing complex transactions and supporting projects that generate long-term value, contributing to the development of the energy sector and enhancing the resilience of Romania’s national energy system.”

The financing consortium comprises the European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank (BSTDB), Exim Banca Romaneasca S.A., NLB d.d., OTP Bank Plc, and Banca Comerciala Intesa Sanpaolo Romania together with its subsidiary Privredna banka Zagreb d.d. (together, “Intesa”). Approximately EUR 114.4 million of the main facility is supported by an EU InvestEU guarantee.

Currently under construction, Parau 2 is expected to enter commercial operation at the end of 2027 or early 2028. Once operational, the project is expected to increase Romania’s renewable electricity generation capacity, reduce greenhouse gas emissions and support the reliability of the national power system.

Eyal Podhorzer, CEO of Econergy, commented:

“Securing €229 million on Parau 2 is a milestone for Econergy and for the Romanian market. Six leading international lenders committed to our flagship project on terms that reflect their confidence in how we build and operate, and that gives us the platform to move on the rest of our European pipeline”.

About Econergy

Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including Germany, the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~13GW [confirm current pipeline figure], Econergy is at the forefront of driving Europe’s renewable energy transition.The company’s local teams provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream. https://www.econergytech.com/

August 14, 2026