The European Bank for Reconstruction and Development has agreed to provide up to USD 51.22 million in financing for a 127 MW / 254 MWh battery energy storage system in Scornicești, Romania, in a deal that positions the project among the first large-scale standalone battery storage installations to operate in the country.

Project Structure and Ownership

The battery energy storage system will be co-owned by R.Power S.A., a pan-European Independent Power Producer headquartered in Warsaw, Poland, and Eiffel Investment Group, acting through its managed fund Eiffel Transition Infrastructure SLP.

The EBRD is providing its financing on a non-recourse project finance basis, meaning the loan is secured against the project's assets and revenues rather than the broader balance sheets of its owners.

Of the total USD 51.22 million financing package, USD 33.76 million will be supported by an InvestEU first-loss guarantee. The InvestEU programme is designed to accelerate sustainable transition across European Union member states and provides risk-sharing support for innovative green infrastructure in line with EU sustainable transition objectives.

R.Power holds a portfolio of utility-scale battery energy storage, hybrid, and renewable energy generation projects across Europe.

Romania's Energy Context

Romania is expanding renewable energy generation under its updated National Energy and Climate Plan, which sets a target of 38.3 per cent renewables in final energy consumption by 2030.

The EBRD notes that this growth is increasing pressure on the electricity grid and underscoring the importance of storage solutions to manage the expanded share of intermittent generation sources.

The Scornicești project sits within this policy environment as an early mover in what the EBRD describes as an emerging market segment for large-scale standalone battery storage in Romania.

Battery energy storage systems store electricity and release it on demand, enabling grid operators to smooth out fluctuations in supply and demand that become more pronounced as renewable penetration increases.

Grid and Market Functions

The Scornicești installation is expected to support greater integration of renewable energy, enhance grid stability, and reduce curtailment of renewable generation, curtailment being the practice of deliberately limiting output from renewable plants when the grid cannot absorb all available electricity.

On the commercial side, the project will participate in Romania's developing ancillary and balancing services market. Revenues will be generated primarily on a merchant basis through an optimisation agreement with GEN-I, a regional energy trader.

Because merchant operations carry a higher risk profile than fixed-price contracts, the project includes the InvestEU first-loss guarantee specifically to mitigate that elevated risk.

Demonstration Effect

The EBRD frames the Scornicești project as having significance beyond its own installed capacity. By being among the first large-scale standalone battery storage systems to operate in Romania, the project is expected to demonstrate the commercial and technical viability of energy storage in the country, with the goal of unlocking further private investment in the sector.

The bank's statement points to the dual challenge facing Romania and similar emerging markets: the need to attract capital into infrastructure that lacks a long track record at scale, while simultaneously accelerating the energy transition required under national and EU-level climate commitments. The InvestEU guarantee mechanism is intended to bridge that gap by absorbing a portion of the downside risk that would otherwise deter commercial lenders.

Community and Workforce Outreach

Beyond its technical and financial dimensions, the project includes outreach activities with local educational institutions. These activities are aimed at encouraging women and young people to pursue careers in the energy sector, which the EBRD describes as having traditionally been male-dominated. No further details about the specific nature or scale of these outreach programmes were disclosed in the bank's announcement.

EBRD's Broader Romania Portfolio

The Scornicești battery storage deal adds to a substantial existing relationship between the EBRD and Romania. The bank has invested a total of more than USD 14.55 billion across 591 projects in the country over the course of its operations there. The financing for the Scornicești project is being provided to a project company incorporated in Romania.

The EBRD's involvement in the transaction reflects the bank's broader mandate to support green infrastructure and energy security across its regions of operation, with the InvestEU partnership providing an additional layer of EU-backed risk mitigation to make the deal viable under merchant revenue conditions.

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