Photon Energy N.V. has signed a €15 million secured loan agreement with the European Bank for Reconstruction and Development (EBRD). This financing will support the construction of six solar photovoltaic plants with a combined capacity of 29 MWp in Romania. It marks the Group’s second financing of European PV assets operating on a merchant basis.
Expansion and Innovation in Renewable Energy
In addition to financing solar installations, the EBRD will support Photon Energy in expanding demand response services and developing market capacity. This support is crucial to Lerta S.A.’s expansion. One of Photon Energy’s research and development subsidiaries. It will be supported by a guarantee from the European Union under the Invest EU program.
Sustainable Development and Sector Growth
With over 1.2 GWp of solar projects under development in Australia and the major markets of Central and Eastern Europe. With over 210 MWp in Romania, Photon Energy demonstrates its commitment to the renewable energy sector. The company values its ability to develop, finance and operate PV installations, while marketing the electricity generated.
Economic and environmental impact
Photon Energy Group CEO Georg Hotar emphasizes that the financing agreement confirms the company’s confidence in the Romanian energy sector and its market strategy. The initiative should make a significant contribution to Romania’s energy transition. It will reduce carbon emissions while stimulating local economic growth. The EBRD’s investment in Photon Energy’s projects in Romania is a case in point. This positions Photon Energy as a key player in the advancement of sustainability and energy innovation in Europe.
