Alerion Wins €18.5m Loan for 35-MW Romanian Solar Build Project

• Alerion Clean Power secures €18.5 million from BCR to construct a 35-MW solar farm in Călărași, strengthening the Italian developer’s foothold in Romania’s renewables market.

Italian renewables specialist Alerion Clean Power has secured a €18.5 million loan from Banca Comercială Română (BCR) to finance a 35-megawatt photovoltaic park in Romania’s Călărași County. The debt package, which matures in 2040, underpins a total project outlay of €26.8 million and marks Alerion’s largest solar investment in the country to date.

Scheduled to break ground later this year, the facility will deploy high-efficiency modules across open farmland and is expected to deliver about 51 gigawatt-hours of clean electricity annually—enough to power roughly 30 000 households. Legal counsel for the arrangement was provided by Clifford Chance Badea, underscoring growing international interest in Romania’s green-energy landscape.

“Alerion is pleased to deepen its Romanian presence,” said Josef Gostner, President and CEO of Alerion Clean Power. “With excellent irradiation, ample grid access, and supportive policy, Romania offers compelling fundamentals for long-term solar investment.”

The Milan-listed group already operates several on-shore wind farms in Auşeu-Borod, Vrani, Jimbolia, and Sânnicolau Mare, and recently switched on twin 6-MWp solar arrays in the town of Periş. The Călărași project pushes Alerion’s Romanian capacity above 100 MW and aligns with its strategy to spread generation risk across both technologies and geographies.

For BCR, the transaction signals continued confidence in utility-scale renewables as Romania races to meet its 2030 target of sourcing 34 percent of electricity from renewables. “Financing projects that reduce emissions while promoting energy independence is central to our mandate,” a bank spokesperson noted, adding that the deal strengthens BCR’s own sustainable-finance portfolio.

Industry analysts say Romania’s generous green-certificate scheme, improving grid infrastructure, and rising power prices make it one of Eastern Europe’s more attractive solar markets. Yet access to long-term debt remains crucial: with rates still elevated, banks willing to stretch maturities beyond fifteen years can unlock stalled projects and accelerate the country’s low-carbon transition.

Construction in Călărași is expected to create around 80 temporary jobs and support a regional supply chain of engineering and electrical contractors. Once commissioned, the solar park will displace an estimated 24 000 tonnes of CO₂ each year, contributing a tangible slice to Romania’s emissions-reduction ledger while reaffirming Alerion’s ambition to become a pan-European renewable powerhouse.