Romanian utility Societatea Energetica Electrica SA (Electrica) has received shareholder approval for issuing up to EUR 500 million in green bonds, alongside an investment of nearly EUR 90 million in new solar energy projects.
According to a recent stock exchange filing, the green bonds, which may include sustainable-linked bonds or a combination of the two, are set to be issued in multiple tranches across 2025-2026.
Electrica's shareholders have also approved the construction of two solar photovoltaic (PV) parks in Romania. The Satu Mare 3 project will expand the utility's existing Satu Mare complex in the country's northwest, with an investment of up to EUR 38 million. Meanwhile, EUR 49.5 million will go toward developing a new PV park in Bihor, in the western Bihor county.
Additionally, the shareholders endorsed a RON 3.1 billion syndicated credit facility from a consortium of commercial lenders. However, Electrica's filing did not specify the intended allocation of these funds.
