| Project Detail |
Location:
Regional
Project number:
55037
Business sector:
Energy
Notice type:
Private
Approval date:
13 Dec 2023
Status:
Exploratory
PSD disclosed:
06 Nov 2023
Project Description
Up to EUR 15m senior secured loan to Photon Energy NV ("Company") to finance (i) a portfolio of up to 20-30MW of solar power plants in Romania, (ii) investments in Lerta R&D and capacity market collateral capex, including in the associated Virtual Power Plant ("VPP") software and hardware platform (jointly "the Project"). The EBRD loan is to be approved under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197).
Project Objectives
The Banks proceeds will be used to finance the completion of the Companys solar projects in Romania and will allow the Company to proceed with projects currently in a less advanced development phase across Romania and Poland. EBRD financing will also enable Photons subsidiary Lerta to participate in the incoming capacity market and energy system services auctions, thus expanding the product offer towards over 1GW of capacity currently supported by the Lertas VPP software. |
