Norwegian renewable energy developer Scatec has completed financing for the 77 MW Urleasca wind project in Romania. The development marks Scatec’s entry into the European onshore wind market. The project is located in Braila county.
Project configuration and commissioning timeline
The Urleasca project will use 11 Nordex N175/6.X turbines. Commercial operation is scheduled for the second half of 2028. Scatec acquired Urleasca from Swedish developer OX2 in August.
OX2 will remain responsible for construction before transferring the completed facility to Scatec. After the handover, Scatec will handle operations, maintenance and long-term asset management. The total investment is estimated at around €168 million, excluding VAT.
Financing mix and lenders
Approximately 60% of the project cost will be financed through non-recourse debt. The debt is provided by Erste Group and Banca Comerciala Romana, with the remainder funded through equity. This structure sets out how capital is split between debt and shareholder funding.
CfD coverage and exposure to wholesale prices
Revenue risk has been partly reduced through Romania’s Contract for Difference mechanism. Around 43 MW of the wind farm’s capacity is covered by a CfD with an average strike price of €71.3/MWh. Electricity from the remaining capacity will be exposed to the Romanian wholesale market.
The financing arrangement reflects how Romania’s CfD framework supports bankability for large renewable projects while leaving part of output linked to market prices.
