Shikun & Binui, through its energy subsidiary Shikun & Binui Energy, has officially announced the start of commercial operations of its first solar power plant in Romania. The facility, with a capacity of 71 megawatts (MW), covers an area of 85 hectares in Satu Mare County, located in the northwest of the country.
The final operating permit was issued in August 2025 by the National Energy Regulatory Authority (Autoritatea Națională de Reglementare în domeniul Energiei – ANRE), marking the site’s integration into the national electricity grid. The project is intended to supply electricity to the local market in line with energy targets set by private sector operators.
Financing structured by Raiffeisen Bank
The plant’s construction was financed through a €40.5 million loan contracted in 2023 from Raiffeisen Bank International and its Romanian subsidiary. This funding covered the full scope of construction needs, from engineering works to commercial commissioning.
The group had previously arranged a similar financing structure in 2023 for another photovoltaic project located in Șimleu Silvaniei, in the neighboring county of Sălaj. That second project, with a capacity of 101 MW, was backed by a €49 million loan, also granted by Raiffeisen Bank International.
Shikun & Binui’s strategic positioning in Eastern Europe
Shikun & Binui Energy, the Israeli group’s subsidiary specializing in energy infrastructure, is active in the development, financing, construction, and operation of power generation facilities based on solar, hydro, wind, and natural gas technologies. Its presence in Romania aligns with a regional expansion strategy targeting markets identified as favorable for large-scale energy project deployment.
The company states that the Satu Mare plant represents the first stage in a broader portfolio of projects currently under evaluation or development, without providing details on the number or specific locations. Projects are selected based on economic viability and favorable regulatory frameworks.
