Scatec starts construction of 190 MW solar in Romania

By Global Infrastructure Sherpa · Feb 12, 2026

Development SolarRenewablesSolar Pv closed Dolj and Olt counties, Romania

USD121M

Deal Value

190 MW

Capacity

construction

Stage

Dobrun & Sadova

Project

Scatec ASA has reached financial close and will begin construction of its 190 MW solar portfolio “Dobrun & Sadova” in Romania. The projects are supported by a 15-year Contract-for-Difference (CfD) with Opcom, covering approximately 70% of the estimated production. The remaining production will be sold in the Romanian wholesale electricity market. The total capital expenditure for the portfolio is approximately EUR 121 million, financed through a combination of non-recourse project debt and equity.

Deal Analysis

Scatec ASA's commencement of construction on the 190 MW "Dobrun & Sadova" solar portfolio in Romania marks a significant step in the country's renewable energy development. The EUR 121 million project, backed by a 15-year Contract-for-Difference (CfD) with Opcom covering 70% of production, demonstrates the increasing bankability of solar projects in the region. The remaining electricity will be sold on the Romanian wholesale market, indicating confidence in the local energy demand and pricing. Financing is structured through a combination of non-recourse project debt and equity, showcasing a diversified approach to funding renewable energy infrastructure. The involvement of established lenders such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and Banca Comercială Română (BCR) underscores the project's credibility and alignment with European Union energy policy objectives. Scatec's role as the developer with a 65% stake, coupled with Defic Globe's 35% stake and EPC responsibilities, highlights a collaborative approach to project execution. This project contributes to Romania's efforts to meet its renewable energy targets and reduce its reliance on fossil fuels.

190 MW solar portfolio represents a substantial capacity addition to Romania's renewable energy infrastructure.
15-year CfD with Opcom provides revenue certainty and enhances project bankability.
Involvement of EIB, EBRD, and BCR as lenders demonstrates strong institutional support.
Scatec's experience as a developer and Defic Globe's EPC capabilities contribute to project execution confidence.

Market Context: The Romanian renewable energy market is experiencing growth, driven by EU mandates and increasing demand for clean energy sources. Solar PV projects are becoming more attractive due to declining technology costs and supportive government policies, including CfD schemes. The presence of international lenders and developers indicates a maturing market with increasing investment opportunities.