Enery, an independent renewable power producer in Central and Eastern Europe (CEE) announces the start of the Ogrezeni hybrid project, combining photovoltaic (PV) generation with battery storage, in Giurgiu County, Romania. With an installed capacity of 761 MWp / 534 MW AC and more than 1 GWh of battery storage, Ogrezeni will be among the largest hybrid projects in Europe. Once operational, the plant is expected to generate enough green electricity to power the equivalent of approximately 684,000 households and avoid around 303,000 tonnes of CO₂e emissions every year.
Site works are scheduled to commence in the first quarter of 2026, with energization planned for summer 2027. The project marks a significant milestone in Enery’s Romanian portfolio and supports the country’s decarbonization and energy security objectives by bringing large-scale renewable capacity onto the grid.
“With Ogrezeni, we are taking a major step forward in delivering large-scale renewables that create long-term value not only for our partners, but also for local communities and the Romanian energy system as a whole,” said Richard König and Lukas Nemec, Enery’s co-founders. “This project reflects our strategy of combining robust development and execution capabilities with deep local participation. By working with local partners, contractors and stakeholders, we are ensuring that the benefits of the energy transition are shared broadly – from secure green power and new jobs to lasting community investments.”
The project is underpinned by Enery’s partnership with the Three Seas Initiative Investment Fund (3SIIF), a dedicated commercial infrastructure fund investing in energy, transport and digital infrastructure across EU member states in CEE with the aim of enhancing connectivity, energy security and economic growth in the “Three Seas” region between the Baltic, Adriatic and Black Seas.
The Ogrezeni project is supported by a EUR 460 million project finance loan agreement signed on 24 December 2025 with a syndicate of eight commercial banks, coordinated by UniCredit.
“We’re pleased to break ground on this landmark project, which when complete will make an important contribution to energy security in the region,” said Edward Randolph, Enery Investment Board member representing 3SIIF and Investment Director at Amber Infrastructure. “Through the Investment and Development Bank, Romania is a key participant of the Three Seas Initiative Investment Fund (3SIIF). We are delighted to support this project and continue 3SIIF’s track record of investment in Romania’s energy infrastructure” added Alexandra Bocse, Romanian Investment and Development Bank.
“Enery, co-founded only six years ago by Richard König, Lukas Nemec and RP Global, has grown its business in a truly remarkable way. As Enery starts construction on one of Europe’s largest renewable projects, we are very proud to continue, via RPG Capital, being part of its story and look forward to further successes of Enery’s high-performing team,” said Gerhard Matzinger, CEO of RP Global.
During the construction phase, the project is expected to create substantial employment opportunities, with around 350 people working exclusively on the project, and generate additional demand for local services, including accommodation, restaurants, and logistics. After commissioning, operation and maintenance will be carried out using local resources through a combination of Enery’s in-house team and specialized Romanian service providers. During the operational phase, the project will create permanent local jobs and support broader indirect employment in the region.
“Ogrezeni is a flagship project for Romania – not only because of its scale, but because of the way it has been designed around local value creation,” said Liviu Gavrila, Country Manager Romania at Enery. “From local engineering and construction companies to long-term service providers, Romanian partners will play a central role throughout the life of the project. The energy produced here will support the country’s decarbonization efforts while directing tax revenues and economic benefits back into the surrounding communities.”
Enery has selected ENEVO Group as the main EPC contractor for both the PV project and the grid connection, ensuring integrated delivery of engineering, procurement and construction services by a Romania-based provider with a proven track record in the construction of large-scale renewable plants and high-voltage (HV) substations. All core engineering activities, the EPC workforce and a significant portion of the materials will be sourced locally, reinforcing the project’s contribution to the national economy and supply-chain resilience.
“Being selected by Enery to deliver Ogrezeni is a major milestone for us,” said Cristian Pîrvulescu, CEO of ENEVO Group. “As an EPC focused on building and integrating renewable energy into the grid, we are proud to contribute to what is set to become Romania’s largest PV plant. We thank Enery for selecting a Romanian contractor and for their commitment to maximizing the local component of such an important investment project.”
Community engagement has been an integral part of the project from an early stage. Enery has already initiated dialogue with local stakeholders in Ogrezeni and the wider Giurgiu area and will continue to hold regular community engagement meetings throughout construction and operations. A continuous community impact assessment and biodiversity monitoring programme will accompany the project throughout construction and operations, ensuring the plant is developed and operated in line with the highest environmental and social standards.
Building on Enery’s ESG track record in Romania, the company plans to implement additional community projects in the vicinity of Ogrezeni, in line with local needs and priorities. Potential initiatives include deploying clean energy solutions for schools and kindergartens, supporting vulnerable community members, restoring local habitats, and developing educational programmes on climate and energy for children and young people. Across its Romanian portfolio, Enery has already supported community PV systems for educational facilities and a local hospital, restored on-site lakes and habitats, installed biodiversity features such as bird perches, insect hotels and reptile shelters, launched the first Enery forest with 14,000 trees, and delivered educational campaigns that have reached more than 1,000 students.
Through the Ogrezeni project, Enery strengthens its position as a key partner in Romania’s energy transition and demonstrates how large-scale renewable assets can be developed in a way that integrates environmental protection, social impact and long-term economic value.
Enery is an independent power producer committed to supplying its customers with reliable, affordable, and long-term green energy solutions. The company operates a diversified portfolio with 566 MW of installed capacity and 213 MW under construction, generating 766 GWh of clean electricity – enough to power more than 283,400 households and prevent nearly 265,000 tonnes of CO₂ emissions annually. With a development pipeline of almost 10 GW across 10 countries in CEE, Enery is leading the energy transition in the region. Beyond developing, building, and operating renewable energy projects, Enery is also a leader in optimizing revenue streams for utility-scale renewable and storage assets with almost 700 MWh of third-party storage assets under management. Enery provides 24/7 green electricity to industrial consumers and is a leader in Corporate Green PPAs in the region. With a diverse team from 31 nationalities, Enery embeds ESG principles across its operations to create lasting value for communities, partners, and future generations.
