The European Bank for Reconstruction and Development (EBRD) has announced a €192 million financing package to accelerate Romania’s green transition, funding the construction of three new solar power plants in the country’s south‑east.
Financing Details
The package will support projects in Slobozia, Corbii Mari, and Iepurești II, with a combined installed capacity of 531 MW. Once operational, the plants are expected to generate 676 GWh of renewable electricity annually, enough to power hundreds of thousands of homes while avoiding approximately 280,000 tonnes of CO₂ emissions each year European Bank for Reconstruction and Development (EBRD) Trend News Agency.
The EBRD will provide €64 million from its own account, while mobilising an additional €128 million from commercial lenders, reflecting strong investor confidence in Romania’s renewable energy sector Trend News Agency.
Policy Context
The financing follows Romania’s Contracts for Difference (CfD) scheme, launched with EBRD support, which provides long‑term revenue stability for renewable developers. The Slobozia plant has already been awarded a CfD contract under Romania’s inaugural auction, signalling the country’s commitment to scaling up clean energy European Bank for Reconstruction and Development (EBRD) European Bank for Reconstruction and Development (EBRD).
Romania has set ambitious targets to expand renewables, with recent auctions awarding 4.2 GW of capacity, exceeding the government’s 3.5 GW target. The EBRD has played a pivotal role in supporting these auctions, ensuring investor confidence and market integration European Bank for Reconstruction and Development (EBRD).
Strategic Significance
The investment strengthens Romania’s energy security by reducing reliance on fossil fuels and diversifying its power mix. It also positions the country as a regional leader in solar expansion, building on record additions of 1.7 GW of solar PV capacity in 2024 PV Tech.
By backing large‑scale solar projects, the EBRD is not only financing infrastructure but also embedding sustainability into Romania’s economic growth model.
Outlook
The €192 million package marks a milestone in Romania’s clean energy journey. With CfD auctions providing stability and international lenders backing projects, Romania is poised to accelerate its green transition, contributing to both EU climate goals and regional energy resilience.
