Econergy Connects 87 MW Oradea Solar PV Project in Romania to the Grid
August 19, 2025 – Econergy Renewable Energy Ltd. (TASE:ECNR) is pleased to announce that its 87 MW Oradea solar PV project in Romania was successfully connected to the national grid and has commenced commercial operation.
The Oradea project, held indirectly through Econergy International Limited (UK), represents Econergy’s fourth operational solar project in Romania, bringing the company’s connected and ready to connect capacity in the country to 447 MW. With an additional 788 MW under construction and 559 MW expected to begin construction by the end of 2025, Romania remains one of Econergy’s key growth markets.
As part of its broader strategy to integrate storage into its renewable energy portfolio in Romania, Econergy plans to add a 68 MW co-located battery energy storage system (BESS) at Oradea. The storage system is expected to significantly enhance the economic value of the project by creating new revenue streams, supporting grid-balancing services, and optimizing electricity sales through price arbitrage.
The project is developed in partnership with Phoenix Holdings Ltd., which has invested more than €225 million in Econergy’s projects in Romania and Poland, underscoring the strong collaboration between the two companies.
Eyal Podhorzer, CEO of Econergy, commented: “The successful connection of Oradea marks another important milestone for Econergy in Romania. This achievement underscores our ability to deliver large-scale renewable projects while advancing our strategy of integrating storage solutions to maximize value for our stakeholders. We are proud to strengthen our partnership with Phoenix Holdings as we continue to expand our renewable energy platform across Europe.”
Econergy is also in advanced discussions to secure project financing for Oradea and will provide updates on the process progress.
About Econergy
Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~13GW, Econergy is at the forefront of driving Europe’s renewable energy transition.
The company’s local teams provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy’s solid strategic partnerships are key to securing project funding and further. Additionally, the company generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream.
