The funding is part of a EUR121 million package in which the EBRD and BCR also participate.
The projects are developed by three Romanian companies that are 65% owned by Norwegian green power developer Scatec ASA and 35% by Defic Globe BV. The new plants will be located in Olt and Dolj counties, in the Oltenia region that borders Bulgaria and the Danube River.
Construction works are set to start this month and full commercial operations are due to start in September 2027, according to the institution’s officials.
“By supporting a significant new solar portfolio in Romania, we are helping to deliver clean, reliable and affordable electricity while promoting economic cohesion. And our financing is mobilising capital together with EBRD and BCR at scale to advance the green transition,” said EIB Vice-President Ioannis Tsakiris.
Two of the three planned solar plants have already secured Contracts for Differences via the CfD auction conducted by the Government in 2024 covering around two-thirds of the project’s expected output for almost 15 years.
“Reaching financial close and starting construction of our first projects in Romania is an important step and confirms the attractiveness of the Romanian market and the strength of the CfD framework. With long-term revenue visibility and a robust financing structure in place, the projects are well positioned for construction and delivery. We look forward to advancing the projects together with our partner Defic Globe, and financing partners EIB, EBRD and BCR, as well as contributing to Romania’s energy transition,” says Terje Pilskog, CEO of Scatec.
The EIB Group, which includes the European Investment Fund (EIF), signed almost €100 billion in new financing in 2025, boosting Europe’s competitiveness and security.
(English version by Catalina Apostoiu)