Banca Comercială Română and Erste Group are financing the construction of the 77 MW Urleasca onshore wind farm with EUR 132 million. The project is developed by Scatec ASA, one of the leading global developers of renewable energy projects. Of the total financing, BCR is contributing EUR 76 million.
Urleasca is the second financing BCR has provided for Scatec’s projects in Romania, following the EUR 42.5 million for the 190 MW Dobrun and Sadova solar portfolio in Dolj and Olt counties.
“Energy has become a competitiveness standard, and investors increasingly look at its availability, cost and predictability when assessing a market. BCR is the leading banking partner for energy projects in Romania, and we are pleased to support Scatec’s growth through the Urleasca wind farm, an investment that contributes directly to expanding generation capacity and to strengthening national energy security,” says Manuela Trisnevschi, Head of Energy and Utilities, BCR.
With financing secured, the Urleasca project now enters the construction phase. It is supported by a Contract-for-Difference (CfD) covering approximately 57% of expected production, with the remainder to be sold on the Romanian wholesale power market.
Urleasca is Scatec’s first onshore wind project in Europe and diversifies the company’s generation profile in Romania, complementing the 190 MW solar portfolio currently under construction. The project supports an optimised portfolio of onshore wind, solar and battery storage that captures value across CfDs, corporate PPAs and the wholesale market, at a time when renewable penetration and power market volatility are both increasing.
Scatec holds a 100% ownership stake in the project. OX2 will manage construction through to commissioning under a Construction and Asset Transfer Agreement, while Scatec will provide operations and maintenance and asset management services following commissioning. The commercial operations date is targeted for the second half of 2028.
The Urleasca wind farm is in Brăila county, approximately 150 kilometres north-east of Bucharest, and will be equipped with 11 Nordex N175/6.X turbines.