Enery, a leading green independent power producer in the CEE region, is pleased to announce the successful placement of a medium-term growth facility with Rivage Investment and Kommunalkredit Austria AG.
The facility proceeds will be directed towards the implementation of Enery’s near-term greenfield and M&A pipeline of solar PV, onshore wind, hydro, and BESS projects in its target markets. This innovative financing solution will support Enery’s next growth phase, enabling the company to deliver more than 1 GW of operational renewable energy capacity and 1 GWh of storage capacity within the next two years, further advancing its mission to accelerate the renewable energy transition in the CEE region. Enery operates today a diversified portfolio of renewable assets with a combined capacity of 511 MW across six countries and has a further 212 MW in construction.
Richard König, Chief Executive Officer, and Lukas Nemec, Chief Operating Officer, commented:
“We are delighted to welcome Rivage Investment as our new partner and are equally excited to continue our long-standing and successful partnership with Kommunalkredit, who has supported Enery since our early days and with whom we have successfully completed and then repaid two milestone financings in the company’s history. With the new capital provided by Rivage Investment and Kommunalkredit, we are well-positioned to execute our growth strategy and strengthen our role as a key player in the region’s renewable energy transformation, building out some of the largest hybrid renewable projects in the region to date. This successful closing marks a significant milestone in Enery’s journey and underscores the company’s next phase of growth. We thank the Rivage Investment and Kommunalkredit teams for their collaborative approach and dedicated efforts in structuring a financing tailored to Enery’s ambitions.”
Gaétane Tracz, Head of Infrastructure Debt, and Maxime Le Joncour, Investment Director at Rivage Investment, said:
“We are delighted to accompany Enery’s strong growth trajectory and to help finance its expansion towards becoming the leading NextGen IPP in the CEE region. We share Enery’s mission of producing power with purpose and supporting the decarbonization of power grids in countries as diverse as Austria, Romania, Bulgaria, and Estonia, among others. We are excited to support Enery throughout this journey and to be their partner of choice alongside Kommunalkredit.”
Volker Kruse, Head of Banking, and Arnaud de Laportalière, Senior Transactor at Kommunalkredit added:
“Kommunalkredit is delighted to once again support Enery in its efforts to establish itself as one of the leading IPPs in its core markets, through an innovative financing solution that will support Enery’s efforts to build more than 1 GW of renewable assets in the region and further accelerate the so-needed green transition of neighbouring economies. We are looking forward to supporting Enery’s future successes and to doing this with our repeat partner Rivage Investment”.
