Financing agreement for Scornicesti battery facility
Romania is set to strengthen its electricity system with a new battery energy storage project in Scornicesti, following a financing agreement between the European Bank for Reconstruction and Development (EBRD) and the developers of a large-scale facility. The EBRD has approved financing of up to 44 million euros to support the development. The project will be structured as non-recourse project finance covering development, construction and long-term operation.
A portion of the package is supported by the European Union through an InvestEU first-loss guarantee. Of the total amount, 29 million euros is backed by the guarantee. This support is intended to reduce investment risks and help mobilise funding for strategic energy infrastructure.
Project specifications and development partners
The planned installation is designed with a storage capacity of 254 MWh and an installed power rating of 127 MW. The facility is being developed through a partnership between renewable energy producer R.Power and Eiffel Investment Group, acting via its infrastructure-focused investment fund. The battery storage project is therefore positioned as one of Romania’s most notable energy storage investments based on its scale.
The financing arrangement supports the full lifecycle of the battery system, from development through construction and into long-term operation. Under the non-recourse structure, the approved funds are tied to delivery of the facility at Scornicesti.
Role in grid stability and renewable integration targets
The battery system is expected to take on an increasingly important role as Romania expands renewable generation capacity. Under the country’s updated energy and climate strategy, the share of renewable energy in final consumption is targeted to reach 38.3% by the end of the decade. This policy direction links additional renewables deployment with grid performance needs.
As more wind and solar power projects connect to the grid, maintaining network stability becomes more complex. Energy storage technologies address this by absorbing surplus electricity during periods of high renewable generation and releasing it when demand increases, improving grid flexibility and reliability.
The Scornicesti battery project is expected to support integration of larger volumes of renewable electricity into Romania’s national network. It is also described as contributing to broader energy transition and decarbonization objectives alongside energy security considerations.
