Photon Energy, a global group specializing in solar energy solutions, has announced securing a EUR 15 million loan from the European Bank for Reconstruction and Development (EBRD) to finance its photovoltaic parks in Romania.

Empowering Solar Energy Development

The loan marks Photon Energy’s second project financing for European photovoltaic solar energy assets operating without state support or Power Purchase Agreements (PPAs). This underscores the group’s commitment to advancing solar energy projects on a free market basis.

The EBRD investment will support the construction and completion of six photovoltaic parks with a total capacity of 29 MWp in Romania. Additionally, the EBRD will assist Photon Energy in expanding its “Demand Response” services, enhancing grid stability and efficiency.

Confidence in Romanian Energy Sector

Georg Hotar, CEO of Photon Energy Group, expressed confidence in the Romanian energy sector, emphasizing the success of their integrated business model. This financing agreement reflects Photon Energy’s commitment to contributing to the renewable energy landscape in Romania.

Driving Solar Energy Growth Globally

Established in 2008, Photon Energy has a robust track record in solar power plant development, with over 160 MWp of commissioned capacity worldwide. With ongoing projects totaling 1.2 GWp capacity across Australia, Hungary, Poland, and Romania, Photon Energy remains dedicated to expanding its global solar energy footprint.

This strategic financing agreement not only accelerates the development of solar energy infrastructure in Romania but also reinforces Photon Energy’s position as a key player in the global solar energy market.

Source：romania-insider.com