Patria Bank (BVB: PBK), a Romanian bank listed on the Regulated Market of the Bucharest Stock Exchange, announced the signing of a renewable energy supply agreement with Alive Capital, an integrated energy services and supply platform, on Wednesday, June 17.<\/p>\n
As a result of the partnership, all Patria Bank branches across Romania will operate using green electricity supplied by Alive Capital, Omnia Capital\u2019s renewable generation sub-holding, and certified through Guarantees of Origin.<\/p>\n
The bank has a longstanding partnership with Alive Capital, both through the supply of green energy for the bank\u2019s operations in Romania and through financing renewable energy infrastructure developed by Alive Energy, the affiliated company.<\/p>\n
This year, Patria Bank financed investments developed by Alive Energy. These included the V\u00e2n\u0103tori project, one of Romania\u2019s first wind farm hybridization projects. The project involved complementing the existing 10 MW wind farm with a 5 MW photovoltaic plant and a co-located battery energy storage system of 2.5 MW \/ 10 MWh.<\/p>\n
\u201cThrough our collaboration with companies within the Omnia Capital holding, we support both the development of renewable energy infrastructure and the integration of sustainability into the bank\u2019s operational activities. This is a tangible example of how green financing can generate direct economic impact and create long-term value. We thank our partners Alive Capital and Alive Energy for the trust they have placed in our business relationship,\u201d said Valentin Vancea, CEO of Patria Bank.<\/p>\n
The financed portfolio includes the hybrid power plant at V\u00e2n\u0103tori, consisting of an already operational 10 MWp wind farm, as well as a 4.99 MWp photovoltaic plant and a 2.5 MW \/ 10 MWh battery energy storage system currently under construction. These assets were complemented by the photovoltaic plant at Valea C\u0103lug\u0103reasc\u0103, with a capacity of 8.30 MWp, and the photovoltaic plant at M\u0103r\u0103\u0219eni, with a capacity of 3.46 MWp, both already operational. The investment represents an advanced model for integrating renewable energy generation and energy flexibility by combining wind power, solar power, and battery storage capacities within the same infrastructure.<\/p>\n
\u201cWe are pleased to contribute to the energy transition of Patria Bank\u2019s operations through the supply of certified green electricity. This partnership demonstrates how green energy generation, storage, supply, and consumption can function within an integrated and efficient ecosystem,\u201d said Giacomo Billi, Founder and CEO of Alive Capital and Alive Energy.<\/p>\n