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The European Bank for Reconstruction and Development (EBRD) has approved a €90 million loan to ENGIE Romania, supporting the development of at least 250 MW of new renewable energy capacity by 2028. The financing marks the EBRD’s first direct partnership with ENGIE Romania and reinforces both parties’ commitment to decarbonisation and sustainable energy growth.
🔋 Project Scope and Impact
- The loan will fund greenfield renewable energy projects, including wind and solar developments.
- ENGIE Romania aims to significantly expand its clean energy portfolio, contributing to national and EU climate targets.
- The investment aligns with ENGIE Group’s broader ambition to reach 1 GW of renewable capacity in Romania by 2030.
🏢 Institutional Background
- ENGIE Romania is a key energy supplier and distributor, operating under the ENGIE Group, which spans 31 countries.
- Since the privatisation of Distrigaz Sud in 2005, ENGIE has invested over €2 billion in Romania, primarily in gas infrastructure and renewable energy production.
🗣️ Leadership Commentary
Grzegorz Zielinski, EBRD Director for Energy Europe, stated:
“This investment reflects our continued commitment to the green transition in the region and lays the foundation for a strong long-term relationship built on shared decarbonisation goals.”
Nicolas Richard, CEO of ENGIE Romania, added:
“The EBRD’s support reinforces our ambition to expand our renewable energy portfolio… and to provide customers with green energy.”
This strategic financing is expected to enhance Romania’s energy resilience, reduce carbon emissions, and stimulate green economic growth.
You can read the full announcement on the EBRD’s official website.
