Israel-based Econergy Renewable Energy Ltd. announced financial backing for its Resko solar project in Poland. PKO Bank Polski provided €33 million (~$35.54 million) in senior debt financing, supporting the project’s development and stability. Additionally, Phoenix Financial converted €4.2 million (~$4.52 million) of its loan into a 49% equity stake in Resko, Phoenix’s first equity involvement in Econergy’s Polish venture. The partnership with Phoenix Financial also includes options for equity in four upcoming projects in Romania, totaling approximately 200 MW.
PKO Bank, Phoenix back Econergy’s Resko PV project in Poland with €33 million
Phoenix Financial converts €4.2 million into equity in Econergy’s Resko project, gaining 49% ownership in Poland’s renewable energy sector. (Image Source: Ecoenergy Renewable Energy Ltd/Linkedin)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)