Photon Energy: €15m for solar farms in Romania

Photon Energy has signed a €15 million loan agreement with the EBRD to finance the construction of six solar farms in Romania, strengthening its integrated business model.

Share:

La Roumanie développe son parc Photovoltaïque.

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

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.

Statkraft France won a 15.5 MWc solar project in Mourmelon-le-Grand during the latest national tender round, bringing its total awarded capacity to nearly 70 MWc in less than a year.
Solar growth in Central Europe has doubled that of the European Union since 2019, reshaping the energy mix and boosting battery manufacturing in the region.
Canadian energy producer Cordelio Power has completed commissioning of its Winfield solar project, a 150 MW facility backed by a 15-year contract with Microsoft and a $313mn structured financing deal.
Platform Anza surpassed its 2024 volume in just eight months, responding to developers’ urgency to secure projects ahead of regulatory and fiscal changes expected in 2026.
US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Canadian Solar unveils its new low-carbon solar modules integrating heterojunction cells and thinner wafers, achieving up to 24.4% efficiency and a peak power output of 660 Wp.
Elmya Energy and Atlantica Sustainable Infrastructure have created a joint venture targeting 4 GW of renewable energy projects in the United States, focused on the ERCOT and WECC markets.
Louth Callan has completed the Mousam River solar project in Sanford, marking a key milestone in the deployment of utility-scale energy infrastructure across the United States.
The state regulator has approved five new solar power purchase agreements to support growing demand under the CARES programme, targeting industrial and commercial clients.
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.
Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.

Log in to read this article

You'll also have access to a selection of our best content.