R.Power Secures €42 Million Financing for 75 MW Solar Projects in Romania

en.Wedoany.com Reported - R.Power, a Polish independent renewable energy producer, has secured financing from ING and UniCredit to develop four high-quality photovoltaic projects in Romania, including a 55 MW high-voltage project.

These four solar projects are expected to be connected to the grid in 2027, providing a significant boost to Romania's rapidly expanding utility-scale clean energy generation capacity.

The four projects are part of R.Power's growing pipeline of solar, hybrid, and energy storage projects in Romania, which currently stands at 2 GW. This pipeline includes two operational solar projects and several others that won bids in Romania's 2024 Contract for Difference (CfD) auction.

Michał Swół, Chief Investment Officer at R.Power, stated that this transaction is a strong demonstration of the maturity of the company's solar project portfolio in Central and Eastern Europe. The company has built a substantial reserve of well-located assets with secured grid access in the region, which are now being converted into bankable operational capacity. The confidence shown by ING and UniCredit in this project portfolio reflects the quality of the upfront development and commercialization work, as well as the strong relationships built with lending partners over the years.

This transaction is the latest in R.Power's ongoing financing activities, bringing the total project financing secured in 2026 to approximately €250 million, highlighting the speed at which the company's project pipeline in Central and Eastern Europe is being converted into financed capacity.

Oana Mogoi, Head of Energy at ING Romania, expressed pleasure in supporting R.Power in advancing its solar project portfolio in Romania, adding that this transaction further strengthens ING's commitment to accelerating the energy transition and achieving net-zero goals. Romania is becoming increasingly attractive for renewable energy investments, driven by strong long-term fundamentals and a growing pipeline of bankable projects. ING will continue to finance projects that directly contribute to Romania's future through competitive solutions and a long-term, positive, and sustainable impact, supporting experienced leading developers like R.Power and well-structured energy projects.

R.Power's overall solar project pipeline in Central and Eastern Europe currently stands at 10 GW, covering Poland and Romania. As this photovoltaic portfolio matures, R.Power is also exploring opportunities to maximize the value and resilience of certain sites through co-located battery energy storage systems (BESS) and a standalone BESS project pipeline.

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