The European Bank for Reconstruction and Development (EBRD) is providing a senior secured loan of up to €34 million to Solar World SRL, RB Solar Energy SRL, and Energie Soleil SRL for the development, construction, and operation of two solar power plants in southern Romania. The project will also receive co-financing from the European Investment Bank (EIB) with a senior loan of up to €34 million and from Banca Comercială Română (BCR) with a senior loan of up to €17.5 million. These companies are majority-owned by Norway-based renewable energy developer Scatec ASA, with the remainder held by Turkish engineering firm Defic Globe Energji AS, marking Scatec’s entry into Romania’s renewable energy sector.
The EBRD financing is structured in two tranches: up to €28 million for a 61.9 MW plant operating under full merchant exposure, supported by a first-loss guarantee from the European Union under the InvestEU programme, and up to €6 million for a 127.8 MW plant backed by a 15-year Contract for Difference (CfD) price stabilisation scheme. Together, the plants will have a total installed capacity of 189.7 MW, expected to generate approximately 286.9 GWh of green electricity annually and reduce carbon dioxide emissions by around 118,600 tonnes per year.
In addition to environmental benefits, the project includes a skills development programme in partnership with local technical institutions to build expertise in green energy and digital technologies. The programme will ensure minimum female participation, encouraging women to join the traditionally male-dominated energy sector. Technical cooperation support for this initiative is provided by the EU through the InvestEU Advisory Hub.
This investment reflects the EBRD’s commitment to accelerating Romania’s green transition and supporting renewable energy growth across Central and Eastern Europe. The bank has been a key partner in the development of Romania’s CfD scheme, which provides long-term revenue stability to renewable energy developers and strengthens market integration. Through its role in the EU’s InvestEU programme, the EBRD aims to leverage substantial investment in sustainable projects, fostering innovation, job creation, and the broader adoption of renewable energy in the region.
