Ir a Energías Renovables Español
Monday, 20 January 2025

pv

Romania

Scatec signs 15-year CfD contract for Romanian solar portfolio

Renewable energy solutions provider Scatec ASA has signed a 15-year Contract-for-Difference (CfD) with Opcom, the Romanian electricity market operator, covering approximately 70 percent of the estimated production from a 190 MW solar portfolio, with the remaining production being sold in the Romanian wholesale electricity market.
Scatec signs 15-year CfD contract for Romanian solar portfolio
Solar panels in Romania (Prispa). Courtesy of Wikipedia Commons.

The contracts were awarded in the first CfD auction in Romania funded by the EU Modernisation Fund. The Modernisation Fund is an EU programme established to support selected member states to meet their energy targets. Approximately 1.5 GW of solar PV and onshore wind was awarded in this first round in Romania, while the remainder of a total auction plan of 5 GW is expected to be awarded in 2025.

With this award, Scatec will advance its first project portfolio in the country which is being developed in collaboration with Defic Globe, Scatec’s local partner. The projects are in Dolj and Olt counties in the southernmost part of Romania.

Romania has attractive market fundamentals, a clear energy transition agenda, and established offtake routes through the CfD auctions, corporate PPAs and a mature electricity market.

“We are very pleased with the award in Romania which demonstrates our ability to apply our global track record within renewable energy auctions to new markets” said Scatec CEO Terje Pilskog. “Romania has supportive market fundamentals where Scatec can utilise its competitive strengths to build a position. We look forward to continued collaboration with Defic Globe, which already has a strong position in the Romanian renewables market.”

The estimated total capital expenditure (capex) for the solar plant is 140 million euros, to be financed by non-recourse financing and equity from Scatec and partners, with a targeted leverage of approximately 75 percent. Financial close and construction start for the solar plants is expected in the second half of 2025.

Scatec will have a 65 percent ownership stake in the solar plants and procure key components for the project, comprising about 30 percent of total capex.

The company’s partner, DEFIC Globe Enerji A.Ş. (Defic Globe), a subsidiary of Emsolt Investments and YEO Teknoloji Enerji, will have a 35 percent ownership stake and provide turnkey EPC to the project.

Scatec will further provide Operations & Maintenance (O&M) and Asset Management (AM) services for the portfolio.

For additional information:

Scatec ASA
If you find it interesting, you can subscribe to our newsletters free of chargeicono Energías Renovables
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).