en.Wedoany.com Reported - R.Power and its joint venture partner Eiffel Investment Group, through assets managed by the Eiffel Transition Infrastructure fund, have secured financing for the Scorniçesti project in Olt County, Romania. The project is a 127 MW/254 MWh standalone battery energy storage system (BESS), currently under construction and scheduled to begin operations by the end of 2026 or early 2027. It will be one of the first assets of its kind in the country, playing a significant role in Romania's grid stability and energy security.
Under the terms of the loan agreement, the European Bank for Reconstruction and Development (EBRD) is providing €44 million in investment and transitional financing, while Poland's national development bank BGK will issue a €2.3 million bank guarantee to secure a recently confirmed long-term optimization contract for the Scorniçesti project with regional trading partner GEN-I. Poland's PKO Bank Polski is serving as the account bank for the agreement.
This financing package continues the long-standing cooperation between R.Power, the EBRD, BGK, and PKO BP, and enhances Romania's reputation as one of Europe's most attractive and rapidly maturing markets for BESS development and operation.
Michal Swól, Chief Investment Officer at R.Power, stated that Romania is a priority market for battery storage investments, not only in Central and Eastern Europe but across the entire continent. Like other European markets, Romania needs BESS projects to balance the growing electricity supply from renewable energy sources with the power demand of commercial and residential customers. He noted that the company is proud to contribute to this energy market transformation alongside the EBRD, BGK, and the Scorniçesti project partners Eiffel Investment Group and GEN-I.
Georgios Gkiaouris, Acting Director of the European Energy Department within the EBRD's Sustainable Infrastructure Group, pointed out that Romania is rapidly becoming a frontrunner in the clean energy transition in Southeast Europe. The integration of BESS is expected to significantly enhance grid resilience and open up new commercial opportunities for renewable energy developers. As a key financier of Romania's energy transition, the EBRD is pleased to drive this project forward.
Arkadiusz Zablonski from BGK's Overseas Expansion and Trade Finance Department added that supporting the international expansion of Polish enterprises is one of BGK's strategic priorities. In 2025, the bank co-financed 150 Polish companies globally, with a total amount exceeding €600 million. Romania, as a rapidly growing market open to the energy transition, offers deep business opportunities for Polish companies. Through its financial instruments, BGK actively supports enterprises in mitigating risks and establishing a lasting presence in this market.
Jan Majewski, Director of PKO Bank Polski's Romania Branch, stated that participation in the Scorniçesti project reflects a strategic approach to supporting the energy transition in the region. The bank accompanies its clients not only in Poland but also in international markets, providing comprehensive financial solutions—from transaction support to liquidity instruments such as VAT financing. He noted that this is how PKO Bank Polski is being built into a reliable partner for investments critical to Europe's energy security.
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