📋 Tender Overview
Project ID: 56096
Status: Exploratory
Location: Romania
Business Sector: Energy
Notice Type: Private
Environmental Category: IESE
Approval Date: 10 Sep 2025
Disclosure date: 06 Aug 2025
Project Description
A senior loan of up to EUR 68m in favour of Corbii Mari Solar Plant SRL ("Corbii Mari Project"), Aviv Renewable Investment SRL ("Iepuresti II Project") and Slobozia Solar Plant SRL ("Slobozia Project"), each a limited liability company incorporated in Romania (jointly "Borrowers" or "Companies"). The loan will be used to finance the construction, and operation of three solar farms with a combined capacity of 515 MW in the Muntenia region in south-eastern Romania (the "Project"). The Project comprises of three separate sites and is expected to generate around 676 GWh of electricity annually. Part of the EBRD loan is expected to be approved under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197).
Project Objectives
The Project will contribute to climate change mitigation and the Romanian green energy transition by adding 515 MW of solar generation capacity to the Romanian national energy system. In addition, the Project will strengthen the private sector presence in the renewable energy sector in Romania.
Transition Impact
ETI score: 60
The Project targets the "Green" Transition Impact quality by supporting the construction of three solar projects total combined installed capacity of 515 MW resulting in associated CO2 savings of 280,000 tonnes annually.
Client Information
CORBII MARI SOLAR PLANT SRL
Corbii Mari Solar Plant SRL, Aviv Renewable Investment SRL and Slobozia Solar Plant SRL are limited liability companies incorporated in Romania for the purpose of developing and operating three solar power plants with a total installed capacity of 515 MW. The Projects are ultimately owned by OY Nofar Energy Ltd, an Israeli renewable energy company publicly listed on the Tel Aviv stock exchange
EBRD Finance Summary
Additionality
The Bank's additionality stems from its ability to support investors and financiers by mitigating non-financial risks, such as country, regulatory, project, economic cycle, or political risks as well as offering financing in a market that lacks sufficient depth and liquidity to finance large scale renewable energy projects.
Environmental and Social Summary
Categorised B (2024 ESP). The Project involves the development, construction, and operation of a portfolio of solar photovoltaic plants (SPPs) with a total installed capacity of 515 MW, located in south-eastern Romania. It comprises three separate greenfield sites: a 175.7 MW solar farm in Iepureiti, a 74 MW solar farm in Slobozia, both in Giurgiu County, and a 265.5 MW solar farm in Corbii Mari, Damboviia County. Each site has been assessed as part of the Banks ESDD and none of the sites are located in sensitive areas.
Environmental and social impacts are expected to be limited, site-specific, and manageable through th
