Renewable energy solutions provider Scatec has signed an agreement to acquire the Urleasca onshore wind project in Romania from European renewable energy developer OX2.<\/p>\n
The acquisition marks Scatec’s entry into onshore wind in Europe. It complements the company’s existing solar portfolio in Romania, which includes the 190 MW Dobrun & Sadova solar projects, currently under construction.<\/p>\n
The 77 MW project is located in Br\u0103ila county, in southeastern Romania. It is supported by a Contract-for-Difference (CfD) covering approximately 43 MW of the capacity at an average price of EUR 71.3\/MWh, with the remaining generation to be sold in the Romanian wholesale electricity market.<\/p>\n
The Urleasca project was developed by OX2, which will continue to manage the project through to commissioning under a Construction and Asset Transfer Agreement (CATA). Financial close is targeted in Q3 2026, and targeted COD is in the second half of 2028, the company said.<\/p>\n
The total project cost is estimated at EUR 168 million excluding VAT, and will be financed by a combination of non-recourse debt and equity, with a leverage of approximately 60%.<\/p>\n
Scatec will provide Asset Management and Operations & Maintenance services following commissioning. The transaction is subject to customary conditions.<\/p>\n
“Urleasca is an attractive entry point into European onshore wind. The project has strong fundamentals, long-term revenue visibility through the CfD, and a structured development and construction arrangement with OX2 that gives us a disciplined path to commissioning. Combined with our solar projects already under construction in Romania, this positions Scatec with a more diversified renewable energy portfolio in one of Europe’s most compelling markets for the energy transition,” Scatec CEO Terje Pilskog said.<\/p>\n
Scatec develops, builds, owns, and operates renewable energy plants, with 6.4 GW generation and 2 GWh storage capacity in operation and under construction across five continents. It is headquartered in Oslo, Norway, and listed on the Oslo Stock Exchange under the ticker symbol SCATC.<\/p>\n