European Bank for Reconstruction and Development provides €44 million financing for 127 MW / 254 MWh battery energy storage project in Romania
Type: Financing · Technology: Storage · Country: Romania · Capacity: 127 MW · Value: EUR 44M · Announced: 2026-06-05
The European Bank for Reconstruction and Development (EBRD) committed up to €44 million in financing to support the development of a 127 MW / 254 MWh battery energy storage system (BESS) in Scornicești, Romania. The project, developed by R.Power and backed by Eiffel Investment Group, will enhance grid stability and integrate renewable energy sources into Romania’s power system. With a storage capacity of 254 MWh, the facility will provide critical grid services including frequency regulation and peak shaving to improve energy security. The financing package underscores EBRD’s commitment to scaling battery storage infrastructure across Central and Eastern Europe. R.Power and Eiffel Investment Group will jointly oversee the project’s construction and operational phases, targeting commercial operation by 2027.
Analysis
The European Bank for Reconstruction and Development (EBRD) committed up to €44 million in financing to support the development of a 127 MW / 254 MWh battery energy storage system (BESS) in Scornicești, Romania. R.Power, the developer, is a Warsaw-based European independent power producer with 12.4 GW of grid-connected capacity across Poland, Italy, Portugal, Spain, Germany, and Romania. Eiffel Investment Group, the investor, is an investment firm specializing in infrastructure, energy transition, and other sectors, and will jointly oversee the project’s construction and operational phases with R.Power, targeting commercial operation by 2027. The project will enhance grid stability and integrate renewable energy sources into Romania’s power system, with a storage capacity of 254 MWh, providing critical grid services including frequency regulation and peak shaving. The financing package was announced on 2026-06-05.
Key points
- €44 million financing committed by EBRD
- 127 MW / 254 MWh battery energy storage system
- Target commercial operation by 2027
- R.Power and Eiffel Investment Group as counterparts
- Project located in Scornicești, Romania
Counterparties
- European Bank for Reconstruction and Development (Lender)
- R.Power (Developer)
- Eiffel Investment Group (Investor)
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