With this transaction, Scatec’s portfolio in Romania reaches 267 MW, according to ZF’s calculations, including the Urleasca wind project and the previously acquired Dobrun and Sadova solar projects, with a combined capacity of 190 MW/.
Scatec develops, builds, owns, and operates renewable energy power plants and has a global portfolio of 6.4 GW of generation capacity and 2 GWh of storage, either in operation or under construction, across five continents.
For Scatec, the Urleasca acquisition thus marks both an expansion of its investments in the Romanian market and a diversification of its local portfolio, which until now has been focused on solar energy.
The seller, OX2, is one of the leading developers in Romania’s second wave of renewable energy, which is part of a select group of companies with local portfolios exceeding 1 GW.
The agreement signed by the two companies includes the project and the related contracts for construction and the supply of equipment and services, including the contract for the supply of turbines and the Balance of Plant contract, according to information provided by law firm CMS, which advised Scatec in the deal.
The CMS team was led by Ramona Dulamea (Energy), Catalin Vasile (Corporate M&A), and Edwina Udrescu (Energy), under the guidance of Varinia Radu (partner, Energy). The extended team included Andrei Tercu (Tax), Alexandru Trandafir (Real Estate), Mircea Moraru (Corporate M&A), and Claudia Nagy (Competition & FDI).
(English version by Loredana Fratila-Cristescu)