News & Analysis

/VIENNA, AUSTRIA, August 11, 2025, 11:45 CET, RENEWABLE MARKET WATCH™/

Vienna-based Renalfa IPP has recently secured €315 million from a consortium of lenders, including the European Bank for Reconstruction and Development (EBRD), to expedite the transition to green energy in Central and Eastern Europe. The financing will support the company’s investment program of €1.2 billion, which is expected to include 1.6 GW of generation assets and approximately 3.3 GWh of co-located battery energy storage systems (BESS). These assets will be operational in Bulgaria, Hungary, Romania, and North Macedonia.

The EBRD states that, as part of its agreement with the company and within the framework of the InvestEU Advisory Hub, the bank will help develop a battery energy storage system (BESS) skills training program for current staff and future specialists in the region. Additionally, Renalfa will collaborate with local universities to launch an information campaign designed to attract women to careers in the energy sector.

The EBRD itself will provide a €100 million loan. Other lenders in the consortium are the Black Sea Trade and Development Bank (BSTDB), Hungary’s OTP Bank (the parent company of DSK Bank), Slovenia’s Nova Ljubljanska Banka (NLB), Italy’s UniCredit (the parent company of UniCredit Bulbank), and Austria’s Kommunalkredit. Renalfa IPP is a joint venture between Renalfa Solarpro Group and RGREEN INVEST, a French infrastructure fund manager. It is an investment group that focuses on clean energy and electric mobility, specifically on renewable energy generation assets.

For more information and answers to your questions about the Central and Eastern European solar and storage power market and related content, you may read here: Central East and South East Europe Battery Energy Storage System (BESS) Market Outlook 2025 ÷ 2034.

For more information and answers to your questions about the Bulgarian solar and storage power market and related content, you may read here: Bulgaria Solar Photovoltaic (PV) Market Outlook 2025 ÷ 2034

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