Shikun | Romania Feed

Raiffeisen Bank International and Raiffeisen Bank Romania have granted a loan worth EUR40.5 million to a company from the Shikun and Binui Energy Group in Israel for the construction of a photovoltaic (PV) power plant, with a total installed capacity of approximately 70 MW, in Satu Mare.

Shikun & Binui Energy, the energy investment arm of Shikun & Binui, the biggest Israeli real estate developer, will earmark as much as EUR50 million for one of the first large new photovoltaic projects in Romania.