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.

Share:

Shikun & Binui Energy obtient 49 M€ pour un projet solaire en Roumanie.

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.

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.

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.