Romania has attractive market fundamentals, a clear energy transition agenda, and established offtake routes through Contract-for-Difference (CfD) auctions, corporate Power Purchase Agreements (PPAs) and a mature electricity market.

Scatec has signed a 15-year Contract-for-Difference (CfD) with Opcom, the Romanian electricity market operator. The CfD will cover approximately 70% of the estimated production from a 190 MW solar portfolio, with the remaining production being sold in the Romanian wholesale electricity market.

The contracts were awarded in the first CfD auction in Romania funded by the EU Modernisation Fund. The Modernisation Fund is an EU programme established to support selected member states to meet their energy targets. Scatec will have a 65% ownership stake in the solar plants and procure key components for the project, comprising about 30% of total capex. Scatec will also provide Operations & Maintenance (O&M) and Asset Management (AM) services for the portfolio.