popular articles

Shikun & Binui Energy secures €49 million for solar project in Romania

Shikun & Binui Energy has secured a €49 million loan from Raiffeisen Bank International for a 101 MW photovoltaic park in Simleu Silvaniei, Romania.
Shikun & Binui Energy obtient 49 M€ pour un projet solaire en Roumanie.

Please share:

Shikun & Binui Energy, a subsidiary of the Israeli Shikun & Binui group, has announced a €49 million financing package from Raiffeisen Bank International (RBI). The loan is for the construction of a 101 MW photovoltaic (PV) park at Simleu Silvaniei, in Salaj county, north-west Romania. This project represents a major step forward in the company’s portfolio of renewable projects in Romania.

Opportunities in the Romanian energy market

The financial arrangement enables Shikun & Binui Energy to sell the electricity generated on the Romanian wholesale market or via power purchase agreements (PPAs) with trading companies and suppliers. This flexibility enables the company to maximize revenues by targeting end-customers directly. The Simleu Silvaniei project is Shikun & Binui Energy’s second solar project to receive financing in Romania. Last year, the company secured a €40.5 million credit facility from RBI and Raiffeisen Bank Romania to develop a 71 MW PV farm in Satu Mare county, also in the north-west of the country. The Satu Mare project is now in the final stages of construction. The country’s energy market is growing thanks to the many projects underway in the area.

Partners and development prospects

For the construction of the Simleu Silvaniei project, Shikun & Binui Energy chose CJR Renewables as main contractor. The company was also selected for the Satu Mare project, confirming its ongoing collaboration with Shikun & Binui Energy on large-scale energy projects in Romania. Shikun & Binui Energy is currently working on a portfolio of renewable energy projects in Romania totaling 841 MW of solar capacity and 554 MW of wind capacity. These projects are at various stages of development and demonstrate the company’s commitment to strengthening its presence in the Romanian renewable energies market. Shikun & Binui Energy CEO Didi Paz said, “We see significant opportunities in Romania’s renewable energy sector and are strengthening our presence in this market with a substantial project pipeline exceeding 1.5 gigawatts.”

Implications and growth strategy

Shikun & Binui Energy’s strategy is aligned with the objectives of growth and asset diversification. Romania, with its natural resources and regulatory framework, represents a key market for investment in renewable energies. By diversifying its assets with solar and wind power projects, the company is positioning itself as a major player in the region’s energy sector. The total capacity of over 1.5 GW under development by Shikun & Binui Energy in Romania demonstrates not only the company’s confidence in the potential of the Romanian market, but also its commitment to maximizing financial returns and solidifying its position in the renewable energy sector.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Catalyze has secured an $85 million tax equity investment from RBC to support the development of 75 MW of commercial and community solar projects across the United States by the end of 2025.
The New York-based developer has received permission to operate Troy Solar I, a 995 kW power plant connected to the Central Maine Power grid.
The New York-based developer has received permission to operate Troy Solar I, a 995 kW power plant connected to the Central Maine Power grid.
US manufacturer ES Foundry has signed a three-year, 150 MW supply agreement with a community solar developer to reinforce its domestic supply chain and support the expansion of the solar market in the United States.
US manufacturer ES Foundry has signed a three-year, 150 MW supply agreement with a community solar developer to reinforce its domestic supply chain and support the expansion of the solar market in the United States.
The Ethiopian Prime Minister’s visit to TOYO’s factory in Vietnam signals a new phase in energy cooperation with the Japanese group, focusing on industrial expansion in Ethiopia.
The Ethiopian Prime Minister’s visit to TOYO’s factory in Vietnam signals a new phase in energy cooperation with the Japanese group, focusing on industrial expansion in Ethiopia.
Niger is increasing its reliance on solar energy to offset the reduction in Nigerian electricity exports, a direct consequence of diplomatic tensions following the regime change in Niamey.
DTE Energy has begun construction of a new solar park to provide Ford Motor Company with 100% renewable electricity for its manufacturing sites in Michigan.
DTE Energy has begun construction of a new solar park to provide Ford Motor Company with 100% renewable electricity for its manufacturing sites in Michigan.
Fremont Township, located in Saginaw County, has secured $600,000 in public funding for its partnership with EDP Renewables North America to develop the Eagle Creek Solar Park.
Fremont Township, located in Saginaw County, has secured $600,000 in public funding for its partnership with EDP Renewables North America to develop the Eagle Creek Solar Park.
UK commercial and industrial solar specialist Atrato Onsite Energy has finalised a structured financing agreement with Barclays to support the expansion of its photovoltaic asset base.
UK commercial and industrial solar specialist Atrato Onsite Energy has finalised a structured financing agreement with Barclays to support the expansion of its photovoltaic asset base.
Matrix Renewables and rPlus Energies have completed the commissioning of Pleasant Valley Solar 1, a 261 MWdc project located in Ada County, Idaho, now the largest solar facility in Idaho Power’s network.
The first phase of the 500 MW photovoltaic project in Yingjisha has been commissioned, marking a key milestone in expanding solar capacity in the Kashgar region.
The first phase of the 500 MW photovoltaic project in Yingjisha has been commissioned, marking a key milestone in expanding solar capacity in the Kashgar region.
Groupe VALOREM secured €22mn in funding with Arkéa Banque to develop 63 rooftop photovoltaic plants in Nouvelle-Aquitaine and Occitanie, consolidating its model in a shifting French solar market.
Groupe VALOREM secured €22mn in funding with Arkéa Banque to develop 63 rooftop photovoltaic plants in Nouvelle-Aquitaine and Occitanie, consolidating its model in a shifting French solar market.
In Lopera, an agricultural village in Andalusia, photovoltaic plant projects plan to expropriate olive-growing land, sparking opposition from residents over the potential uprooting of 100,000 olive trees.
In Lopera, an agricultural village in Andalusia, photovoltaic plant projects plan to expropriate olive-growing land, sparking opposition from residents over the potential uprooting of 100,000 olive trees.
The Cunderdin hybrid project, inaugurated in early April in Western Australia, combines 128 MWdc of solar with 220 MWh of storage using a fully DC-coupled architecture designed by Sungrow.
The Villognon power plant, finalised under the agreement with Urbasolar and GazelEnergie, will supply 30,000 MWh annually to Groupe ADP, completing a strategic deal to cover 10% of its airports’ yearly electricity needs.
The Villognon power plant, finalised under the agreement with Urbasolar and GazelEnergie, will supply 30,000 MWh annually to Groupe ADP, completing a strategic deal to cover 10% of its airports’ yearly electricity needs.
ACEN Australia has raised EUR 456 mn to support its renewable energy projects in Australia, backed by 11 local and international financial institutions.
ACEN Australia has raised EUR 456 mn to support its renewable energy projects in Australia, backed by 11 local and international financial institutions.
Masdar and PT PLN (Persero) formalised two agreements to develop floating solar power generation in West Java and expand the Cirata project, operational since 2023.
Masdar and PT PLN (Persero) formalised two agreements to develop floating solar power generation in West Java and expand the Cirata project, operational since 2023.
Vesper Energy has launched operations at its Hornet Solar project, a 600 MW facility in Swisher County, generating over $100 mn in local tax revenue.
French company Reden has commissioned its first photovoltaic power plant in Italy on a disused site in Codroipo, redeveloped to support an installed capacity of 23.5 megawatts.
French company Reden has commissioned its first photovoltaic power plant in Italy on a disused site in Codroipo, redeveloped to support an installed capacity of 23.5 megawatts.
Indian group Waaree Energies will increase its solar module production capacity in the United States to 3.2 GW, with a new unit in Brookshire, Texas, approved by its board of directors.
Indian group Waaree Energies will increase its solar module production capacity in the United States to 3.2 GW, with a new unit in Brookshire, Texas, approved by its board of directors.
Chinese group Trinasolar unveiled in Sydney a new technology aimed at enhancing the resilience of photovoltaic power stations against climatic hazards, with testing already conducted in Queensland.
Chinese group Trinasolar unveiled in Sydney a new technology aimed at enhancing the resilience of photovoltaic power stations against climatic hazards, with testing already conducted in Queensland.
TSG has completed the acquisition of Leirivolt in Portugal and Kronenburg Techniek in the Netherlands, consolidating its expansion strategy in intelligent energy services across Europe.
Danish company Nordic Solar has signed a non-recourse financing agreement with Swedbank for the construction of an 80 MWp solar park in Švenčionys, marking their second collaboration in Lithuania.
Danish company Nordic Solar has signed a non-recourse financing agreement with Swedbank for the construction of an 80 MWp solar park in Švenčionys, marking their second collaboration in Lithuania.
Zelestra and Celepsa have signed a long-term power purchase agreement in Peru, enabling the development of a 238 MWdc solar plant to supply 450 GWh annually to Celepsa’s operations.
Zelestra and Celepsa have signed a long-term power purchase agreement in Peru, enabling the development of a 238 MWdc solar plant to supply 450 GWh annually to Celepsa’s operations.
The ban proposed by the Nigerian government aims to support the domestic industry, but raises concerns among stakeholders over its economic and energy-related consequences.
The ban proposed by the Nigerian government aims to support the domestic industry, but raises concerns among stakeholders over its economic and energy-related consequences.

Advertising