The European Bank for Reconstruction and Development (EBRD) is backing the development of a large-scale battery energy storage system in Scornicești, Romania. The project, jointly owned by pan-European Independent Power Producer (IPP) R.Power S.A. and Eiffel Investment Group, through its managed fund Eiffel Transition Infrastructure SLP, will provide an installed capacity of 127 MW/254 MWh (EBRD press release, 04/06/2026).
“The Bank will provide up to EUR44m in financing to support the project’s development, construction and operation, on a non-recourse project finance basis”, said the press release.
Furthermore, Korkia, a Nordic renewable energy developer, has announced that it has obtained grid connection permits from Romanian TSO Transelectrica for two hybrid solar-plus-storage projects, totaling 273 MW of solar capacity and 250 MW of co-located battery storage in Caraș-Severin County, in south-western Romania (Korkia press release, 04/06/2026).
With these permits now secured, Korkia has progressed nearly 600 MW of solar PV and more than 550 MW of co-located battery storage capacity to advanced stages of development across its Romanian platform, according to the company.
Romania is rapidly expanding renewable energy generation under its updated National Energy and Climate Plan, which sets a target of 38.3% renewables in final energy consumption by 2030.