The announcement comes shortly after the announcement, yesterday (Wednesday 3rd June) by R.Power of financing for the 150 MW/300 MWh Jedwabno BESS in Poland. The company has a a fast-growing multi-technology portfolio. Scorniçesti will be a 127 MW/254 MWh standalone BESS project in Olt County, Romania, currently under construction and scheduled to enter operation in late 2026 or early 2027.
It will be one of the first assets of its kind in the country, representing a significant step forward for grid stability and energy security in Romania. The project is co-owned by R.Power and its joint venture partner Eiffel Investment Group, through its managed fund Eiffel Transition Infrastructure.
Under the terms of the loan agreement, EBRD is providing €44 million in investment and bridge financing for the project, while BGK will issue a 2.3 million euros bank guarantee limit to secure the long-term optimisation contract recently confirmed for Scorniçesti with regional trading partner GEN-I. PKO Bank Polski is acting as the account bank for the agreement.
This significant financing package continues long-term relationships between R.Power, EBRD, BGK and PKO BP, and enhances the reputation of Romania as one of Europe’s most attractive and rapidly maturing markets for BESS development and operation.
“Romania is a priority market for battery storage investment, not only within CEE, but in wider Europe, said Michał Swół, Chief Investment Officer, R.Power. “As in other markets in Europe, BESS projects in Romania are needed to align growing power supply from renewables with electricity demand from commercial and residential clients. Together with EBRD, BGK and our Scorniçesti project partners Eiffel Investment Group and GEN-I, we are proud to be contributing to that energy market transformation.”
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