20 Feb 2026
EBRD backs 190 MW solar power projects in Romania
The EBRD is a key implementing partner of InvestEU.
- RE+D Magazine
The European Bank for Reconstruction and Development (EBRD) is supporting Romania’s renewable energy sector with 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 photovoltaic plants.
The project is co-financed by the European Investment Bank (EIB) with a loan of up to €34 million and by Banca Comercială Română (BCR) with financing of up to €17.5 million.
The three companies are 65% owned by the Norwegian renewable energy company Scatec ASA, while the remaining 35% is held by the Turkish engineering services company Defic Globe Energji AS. The project marks Scatec’s entry into the renewable energy sector in Romania.
The EBRD financing will be divided into two components:
- Up to €28 million for a 61.9 MW unit fully exposed to the market (merchant)
- Up to €6 million for a 127.8 MW unit supported by a 15-year Contract for Difference (CfD)
The merchant component will be covered by a first-loss guarantee from the European Union under the InvestEU programme, thereby reducing investment risk and facilitating private capital participation.
Annual Production of 286.9 GWh of Green Energy
The two plants will have a total installed capacity of 189.7 MW and are estimated to generate approximately 286.9 GWh of electricity annually, avoiding around 118,600 tons of CO₂ emissions per year. The investment significantly advances Romania’s energy transition objectives.
Focus on Skills Development and Women’s Participation
Beyond the environmental benefits, the project includes a skills development programme in collaboration with local technical institutions, emphasizing green energy and digital skills. A minimum level of female participation is planned, aiming to enhance their presence in a traditionally male-dominated sector. Technical support for the programme is also provided by the EU through the InvestEU Advisory Hub.
Strategic Role of InvestEU
The EBRD serves as a key implementation partner of InvestEU, which aims to mobilize over €372 billion in investments between 2021 and 2027 in sustainable infrastructure, innovation, and employment. Between 2022 and 2027, guarantees totaling €777 million will be utilized by the bank to finance investments of up to €3.8 billion in eligible sectors.