Econergy Renewable Energy Ltd.

Last month, our Director of Project Finance, Javier Flamarique, who led the structuring of the financing of our operational projects, shared his insights during an insightful panel discussion about financing options for renewable assets in #Romania at the #Energyear Eastern Europe convention. Some key takeaways: 📊 There are available but limited financing sources to build the plants on a full merchant basis. 🔓Contracting revenues through PPAs or public auctions is critical to unlocking additional liquidity. ⚡ Econergy is a leading player in the market with two operational projects, #Ratesti 155MWp and #Parau 92MWp, c. 300MW under construction and more than 1GW of projects reaching Ready to Built status in the next 6 to 12 months. Thanks to Javier and our team of experts, we once again showcase our innovative financing solutions and technical expertise in bringing projects to operation.

We firmly believe in the transformative power of giving back to our communities and championing causes that resonate with us 🌈🤝. This belief is at the core of our social responsibility initiatives. Recently, our teams in Poland and Israel undertook impactful volunteer activities. Poland: Our fantastic team in Kwidzyn rolled up their sleeves and dedicated a day to support a local animal shelter. Our volunteers: 🐾Cleaned cages to ensure the animals had a comfortable space 🐾Took dogs for much-needed walks, providing exercise and companionship 🐾Fed the animals, ensuring they had nutritious meals and plenty of love Israel: Our team participated in a multifaceted volunteer activity at a local farm in Amikam, collaborating with Shorashim in Israel. The day included:  🍎An insightful discussion with a sharecropper about current challenges in sustainable agriculture  🍎Thinning pomegranates to ensure even ripening and visiting a packing house to sort peaches  🍎Attending a fascinating lecture on technological advancements in agriculture and the importance of increasing food production while reducing the environmental impact of farming These activities are a testament to our company’s approach to engaging with local communities, providing valuable services, promoting inclusiveness, and fostering sustainable development. 👏 A big thank you to all our volunteers for their hard work and dedication! #Econergy #Volunteering #CommunityService #Sustainability #AnimalWelfare #SustainableAgriculture #TeamWork   

We were delighted to once again co-host with our partners at RGREEN INVEST the #OpenSolarDay by RPIA - Romanian Photovoltaic Industry Association at the recently connected 92MW PV project in Părău, Brașov County, Romania.☀️ Our agenda, implemented by our Romanian team led by Bogdan Asanache consistently includes engaging with the community and raising awareness about the significance of renewable energy.🌱 We look forward to our upcoming projects, which will power even more counties across Romania by the end of 2024. Here's to many more events and milestones ahead!🙌🏽 #RenewableEnergy #SolarEnergy #Sustainability #Econergy #RGREENINVEST #RPIA

🌞 Meet Us at Intersolar #Europe! 🌞 Come chat with our #EPC expert team about exciting possibilities! Andrea Loi Lorenzo Piattelli Fausto Villani Anna Sokolova #intersolareurope2024 #renewableenergy #EPC #projectmanagement

We evaluated the degree of alignment of our Solar PV operations with the EU Taxonomy for Sustainable Activities. This regulation aims to create standard and shared criteria for assessing which economic and productive activities can be legally defined as #sustainable.☀   The results are in, and we are thrilled to announce that our annual and accumulated investments have achieved a remarkable 100% alignment with the EU Taxonomy, a testament to our unwavering commitment to sustainability. 🎯   Thanks to our dedicated team and our stakeholders' continuous support, we have ensured that this analysis reflects our steadfast commitment to investing in projects that meet the highest standards and support the EU's green transition goals. 👏 #RenewableEnergy #SolarPower #SolarEnergy #EUTaxonomy #Sustainability #GreenInvestments #EUGreenDeal #ESG

 🌍 🌱 Celebrating World Environment Day: Econergy Joins the BIARA Initiative!  🌍 🌱 On this special day dedicated to our planet, we are thrilled to announce Econergy's participation in the #BIARA initiative (Biodiversity Impacts Analysis for Real Assets). This pioneering program, launched by Carbone 4 in partnership with Rivage Investment, aims to create robust methodologies for assessing the biodiversity impacts of infrastructure assets. We are committed to sustainability and environmental stewardship. As a private sector contributor, we will actively participate in this initiative by: ☀Sharing case studies on the biodiversity assessments of our solar PV plants. 🤝 Collaborating with representatives from the financial sector, renewable energy associations, and infrastructure project developers. 🎯 We aim to advance our industry's understanding and mitigate biodiversity impacts. Want to learn more about the #BIARA initiative? Link on the first comment Happy World Environment Day!  #WorldEnvironmentDay #BIARAInitiative #Biodiversity #RenewableEnergy #Econergy #SustainabilityInAction

Exciting News! Our commitment and the dedication of our talented team have driven Econergy to remarkable progress over the past year. 📈 We are expected to reach a capacity of 588MW projects in operation and ready to connect by the end of 2024, and another 760MW projects under construction, a substantial increase from our 155 MW capacity at the end of 2023. This growth is a testament to our strategic planning and the tireless efforts of our workforce. 📈 We anticipate an increase in total revenues from 1 million euros in 2023 to approximately 100 million euros in 2024. This remarkable financial performance underscores the success of our projects and our ability to deliver consistent results. Thank you to our amazing team and partners for making this growth possible! Read more about our turning point year in Calcalist כלכליסט עלייה בתוצאות ותחזית חיובית: המחויבות והמסירות של הצוות המקצועי של אקונרג'י, הובילו אותנו לקפיצת דרך משמעותית בשנה האחרונה! 📈 צמיחה משמעותית בכושר הייצור:  אנו צופים להגיע ליכולת ייצור של 588 מגה-וואט בפרויקטים פעילים עד סוף שנת 2024, ועוד לכ-760 מגה-וואט בפרויקטים הנמצאים בשלבי הקמה. מדובר בגידול אדיר ביחס ל-155 מגה-וואט מההספק המחובר שלנו בסוף 2023. ההישגים הללו הם תוצאה של תכנון אסטרטגי, מסירות ומקצועיות של עובדי אקונרג'י. 📈 זינוק בהכנסות: אנו צופים עלייה מ-1 מיליון יורו ב-2023 לכ-100 מיליון יורו ב-2024. אנו גאים בצוות שלנו ומודים להם ולשותפינו על תרומתם המשמעותית להצלחת החברה ועל הצמיחה המשמעותית שלנו בשנה האחרונה! קראו את הכתבה המלאה בCalcalist כלכליסט

Exciting news from the Oradea/Romania project site! 🎉 We're thrilled to announce that we're nearing the final stages of execution at our 87 MW Oradea project. The hard work and dedication of our team have brought us closer than ever to completion. Stay tuned for updates as we approach the finish line! 💼 #OradeaProject #RenewableEnergy #ProjectUpdate #Econergy Econergy Renewable Energy Ltd.

🌞 Last week we had a fantastic site visit to the Resko Solar Plant, in Poland, together with our colleagues from our partner Phoenix Insurance.   This impressive facility, a testament to our collective efforts, boasts a 52 MW capacity spread across 52 hectares, set to power 30,000 households with clean, green electricity and slash CO2 emissions by 37,000 tons annually. 🌿 Exciting times ahead as we gear up for operations and continue our commitment to renewable energy! #RenewableEnergy #CleanTech #SolarPower #Econergy

-------עברית למטה------- Making headlines on ynet and Bizportal! We're thrilled to announce Econergy's latest milestone in Romania - the start of commercial operations of our 92MW Parau #PV project - has been featured in Israeli financial media. Check out the articles👇 "חשמל ירוק כחול-לבן:" השקת פרויקט Parau ברומניה 🇷🇴, הפרויקט הסולארי השני בגודלו ברומניה - עכשיו בynet ובBizportal! לחצו על הלינק בתגובה הראשונה לקריאת הכתבות 👇