Scatec Secures 15-Year Cfd for 190MW Solar Portfolio in Romania

Wedoany.com Report-Jan 21, Renewable energy solutions provider Scatec has entered a 15-year contract-for-difference (CfD) agreement with Romanian electricity market operator Opcom. 

The CfD will secure pricing for almost 70% of the projected output from Scatec’s 190MW solar portfolio in Romania, with the remaining electricity to be sold on the Romanian wholesale market.

The contracts were allocated during Romania’s inaugural CfD auction, financed by the EU Modernisation Fund.

The fund is an initiative of the European Union aimed at assisting member states in achieving their energy objectives.

In this first round, 1.5GW of solar photovoltaic (PV) and onshore wind capacity was awarded in Romania. The rest of the planned 5GW total is anticipated to be allocated during 2025.

Scatec CEO Terje Pilskog stated: “We are very pleased with the award in Romania, which demonstrates our ability to apply our global track record within renewable energy auctions to new markets.