Scatec has signed a 15-year contract-for-difference (CfD) agreement with Romanian electricity market operator Opcom to secure pricing for almost 70% of its 190MW solar portfolio in Romania.
The remaining electricity will be sold on the Romanian wholesale market.
The CfD agreements were awarded during Romania’s inaugural CfD auction, financed by the EU Modernisation Fund. This initiative supports EU member states in achieving energy objectives. In this first round, 1.5GW of solar and wind capacity were allocated, with 5GW expected by 2025.
This marks Scatec’s first venture into Romania, where it is developing solar projects in partnership with local entity Defic Globe in Dolj and Olt counties.
The total capital expenditure for the solar projects is estimated at €140 million ($144.8 million). Financing will involve non-recourse funding and contributions from Scatec and its partners. Construction is scheduled for the second half of 2025, with Scatec holding a 65% ownership stake.