The four high quality PV projects, including a 55 MWp high-voltage project, are due to be connected in 2027, providing valuable additions to Romania’s rapidly expanding utility-scale clean energy generation capacity.
They form part of R.Power’s growing solar, hybrid and energy storage pipeline in Romania, which now amounts to 2 GW. This includes two operational PV projects and several PV projects awarded Contracts for Difference in Romania’s 2024 auction process.
“This transaction is a good example of how our CEE solar portfolio is maturing” said Michał Swół, Chief Investment Officer at R.Power. “We have built a substantial pipeline of well-located, grid-secured assets across the region, and we are now seeing that pipeline translate into financed, operational capacity. The confidence that ING and UniCredit have shown in this portfolio reflects the quality of the underlying development and commercialization work as well as the strength of the relationships we have built with our lending partners over many years.”
The transaction is the latest in a sustained period of financing activity for R.Power and brings total project finance secured in 2026 to approximately 250 million euros, emphasising the pace at which the company’s pipeline in Central and Eastern Europe is translating into financed capacity.
“We are pleased to support R.Power in advancing its Romanian solar portfolio, a transaction that further reinforces ING’s commitment to accelerating the energy transition and achieving our Net Zero ambitions” said Oana Mogoi, Head of Energy at ING Bank Romania. “Romania is increasingly attractive for renewable energy investments, supported by strong long-term fundamentals and a growing pipeline of bankable projects. ING continues to finance projects that contribute directly to Romanian’s future, through competitive solutions and a positive and sustainable impact on the long run, supporting leading experienced sponsors such as R.Power and well-grounded structured energy projects.”
R.Power’s overall CEE solar pipeline now stands at 10 GW, spanning Poland and Romania. As this PV portfolio matures, R.Power is also exploring opportunities to maximise the value and resilience of certain sites through co-located battery energy storage, alongside its standalone BESS project pipeline.
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