Solek Group attracts 6.1 mln euro funds to refinance four PV projects

The Czech-based group, Solek, has been provided over 6.1 million euro for refinancing four of its solar parks in Romania whose total installed power capacity totals 8.58 MW. Refinancing of two of these PV projects (a total of 3.58 MW) is ensured by Garanti Leasing, while the other two, with a cumulated power capacity of 5 MW are supported through a refinance agreement concluded with OTP Bank Romania, the company announced.

“The refinancing was the last major step to take in our investment process, and availability of external financial sources for Solek projects is a recognition of their outstanding legal and technical shape as proven by top-tier advisors, such as Tuca Zbarcea & Asociatii and TUV SUD”, says David Nový, CEO Solek Group, according to a press release.

With the refinancing arranged, the developer of green energy projects seeks to strengthen its presence in the Romanian market as regards the operations and maintenance field, also focusing on development and construction of new PV projects.

Besides these four PV parks which are operational, Solek Group’s portfolio includes four other ready-to-build solar projects in southern Romania, the Oltenia region with a total nominal power of 5.37 MW.

Solek Group is a renewable energy investment and EPC consortium established in 2010 and headquartered in Prague, whose operations, apart from the Czech Republic, cover Slovakia and Romania. Although its main target is the Central and Eastern European region, Solek is aiming at entering new markets, such as Chile and Turkey, as Zdenek Sobotka, president of Solek Holding SE, the group’s majority shareholder, stated.