The European Bank for Reconstruction and Development (EBRD) is supporting the development of a large-scale battery energy storage system in Scornice\u0219ti, Romania. The project, co-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 deliver installed capacity of 127 MW \/ 254 MWh and strengthen Romania\u2019s energy security.<\/p>\n
The bank will provide up to EUR 44 million in financing to support the project\u2019s development, construction, and operation, on a non-recourse project finance basis.\u00a0<\/p>\n
Part of the EBRD financing (EUR 29 million) will be supported by the InvestEU first loss guarantee.<\/p>\n
Romania is rapidly expanding renewable energy generation under its updated National Energy and Climate Plan, which targets 38.3% renewables in final energy consumption by 2030. This growth is increasing pressure on the grid and highlighting the importance of storage solutions.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Ebrd.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":" The European Bank for Reconstruction and Development (EBRD) is supporting the development of a large-scale battery energy storage system in Scornice\u0219ti, Romania. The project, co-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 deliver installed capacity of 127 MW \/ 254 MWh […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10487","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/10487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10487"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/10487\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}