Scatec starts construction of 190 MW solar in Romania

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.