Nofar Energy's Romanian Solar Project Duo Secures EBRD Debt

• EBRD considers EUR 55 million loan for two solar parks in Romania, boosting renewable energy and reducing carbon emissions.

The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to EUR 55 million to support the construction of two solar parks in Romania. The loan is expected to be approved on March 6 and will be given to local companies RTG Solar Energy and Solis Imperium, both owned by Israeli renewable energy company Nofar Energy. The solar parks, to be located in the Giurgiu county, will have a combined capacity of 315 MW and are projected to generate around 400 GWh of electricity annually, offsetting 170,000 tonnes of CO2 emissions per year.

The solar farms will be built on arable land in the Iepuresti and Ghimpati regions and are part of Nofar Energy's larger investment in Romania. Last December, the company ordered 576 MW of projects from China's LONGi Solar. The loan from EBRD will contribute to the development of renewable energy in Romania and help the country reduce its carbon footprint.

Which solar parks in Romania are set to receive a loan from EBRD?

• The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to EUR 55 million to support the construction of two solar parks in Romania.
• The loan is expected to be approved on March 6 and will be given to local companies RTG Solar Energy and Solis Imperium, both owned by Israeli renewable energy company Nofar Energy.
• The solar parks will be located in the Giurgiu county in Romania.
• The two solar parks will have a combined capacity of 315 MW.
• The solar parks are projected to generate around 400 GWh of electricity annually.
• The electricity generated by the solar parks is expected to offset 170,000 tonnes of CO2 emissions per year.
• The solar farms will be built on arable land in the Iepuresti and Ghimpati regions.
• The loan from EBRD will contribute to the development of renewable energy in Romania.
• The loan will help Romania reduce its carbon footprint.