Libra Internet Bank offered financing worth 82.7 million lei (16.6 million euros) to DRI for the construction of four solar parks, covering an area of 82 hectares in Mureș
Bucharest, February 2, 2024 - Libra Internet Bank has granted financing of 82.7 million lei (approximately 16.6 million euros) for a green energy project with a total power of over 53 MWp, built in Mureș County by Glodeni Energy, a company that is part of the portfolio of DTEK Renewables International B.V. (DRI).
The project includes four solar parks, which are located on an area of approximately 82 hectares in four towns in Mureș County. The total number of photovoltaic panels is almost 80,000. The energy produced by this photovoltaic plant is enough to cover the consumption needed for more than 19.000 homes.
Libra Internet Bank has recently financed several large-scale projects for the production of renewable energy. The bank offers to the interested companies, among other things, technical and legal expertise, feasibility analysis, and does not require signed PPA (Power Purchase Agreement) deals as a condition for providing funding.
“Libra Internet Bank has the necessary expertise to successfully contribute to the implementation of large renewable energy projects, such as this one, so necessary for Romania's sustainable development. From when it's just an idea to the completion of the project, our experts are assisting companies interested in investing in green energy. We offer our clients technical and legal consulting, dedicated teams for project monitoring, and, above all, the speed and flexibility that this field requires. We have found a great partner in DRI, and we are grateful for the professional and positive way they worked with us on such an important project.”, said Cristina Mahika-Voiconi, General Manager Libra Internet Bank..
“We are delighted that Libra decided to finance project Glodeni, DRI’s first ever solar project, which has been operational since January this year. DRI is planning a significant portfolio of renewable projects in Romania, and this project marks the start of our work to accelerate Romania’s transition to a green future. Thank you to Libra Internet Bank for the support and confidence you have shown in us and the project”, said John Stuart, Chief Executive Officer of DRI. .
About Libra Internet Bank
Libra Internet Bank was established in 1996 in Bucharest and is part of the American investment group New Century Holdings (NCH). The bank specialized in offering products and services dedicated to Liberal Professions and Real Estate and Agribusiness companies. One of the leaders of digitization in banking in Romania, Libra Internet Bank is also the partner of the most important international fintechs present in the country. Libra Internet Bank has a network of 57 branches in Bucharest and other big cities in Romania.
About DRI
DRI, formally DTEK Renewables International B.V. , is dedicated to accelerating the energy transition in Central, Eastern and Southern Europe – areas needing a significant renewable build out to reach their net-zero goals. The company’s mission is to accelerate the reduction in Europe’s reliance on fossil fuels, creating a 5 GW portfolio of renewable projects focused on Italy, Poland, Romania and Croatia. It has already established a portfolio of onshore wind and solar projects, and at the end of 2023 it completed the construction of its first solar park and wind farm in Romania, which are now exporting power. DRI is an Amsterdam-headquartered renewables developer and operator and is part of the DTEK Group, the leader and biggest private investor in Ukraine’s energy sector.