Banca Transilvania backs 205 MW solar project in Romania

Romanian lender Banca Transilvania said it will bankroll construction of a 205 MW solar park by Entek Elektrik Uretimi AS. Entek is part of Turkish conglomerate Koc Group through petroleum refiner Tupras, making the financing another example of industrial groups using solar to diversify energy exposure. The deal is meaningful for Romania's PV market because bank-backed utility projects are central to converting the country's pipeline into built capacity.