02 February, 2024

Financing secured for DRI’s Glodeni solar park

Libra Internet Bank offered financing worth 16.6 million euros for construction of four solar parks in Mureș.

Libra Internet Bank has granted financing of approximately 16.6 million euros for a green energy project with a total power of over 53 MWp, built by DRI in Mureș County.

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.