- Business
- Econergy Renewable Energy Ltd (TASE: ECNR) operates as an independent power producer that develops, owns and operates utility-scale renewable energy projects across Europe, including solar photovoltaic installations, onshore wind farms and battery energy storage systems; the company maintains a diversified portfolio with over 8.2 GW in solar PV and wind capacity alongside a 10.6 GWh energy storage pipeline, featuring projects in various stages from early development through construction and operation, such as 473 MW connected or ready-to-connect, 763 MW under construction, and additional capacity scheduled by year-end in markets including Italy, the United Kingdom, Romania, Spain, Poland and Greece. Founded in 2009 and headquartered in Kfar Saba, Israel, Econergy leverages local teams in each operational country to manage development, regulatory compliance, construction, financing and long-term asset operation, targeting utility-scale power generation for grid supply and supporting Europe's energy transition with hybrid solutions integrating solar, wind and storage. Recent developments include the October 2025 acquisition of full 100% ownership in Romania's largest 155 MWp Rătești photovoltaic plant from Nofar Energy for EUR 45.6 million, generating a projected EUR 13 million capital gain and enabling plans for a 120 MW battery storage addition by Q2 2026 at EUR 32 million investment to boost annual revenues by EUR 15 million and EBITDA by EUR 12 million; in November 2025, the company secured EUR 25 million project financing for its 56 MW Scurtu Mare solar project in Romania with a planned 42 MW battery hybrid component; Econergy advances toward 900 MW operational capacity and 1 GW under construction by end-2025, with energy storage as a core growth driver across 5.8 GW pipeline in four countries, including the UK’s 50 MW Swangate project now connected.