Dobrun & Sadova Solar Portfolio Romania is financially closed and Scatec is starting the construction of his €121 million 190 megawatts (MW) solar project. The Dobrun and Sadova projects have been merged in the portfolio in order to increase the renewable energy capacity in Romania. In addition, Scatec affirmed that the construction tasks have already been initiated as a result of obtained funds.

Scatec has financed the €121 million investment as a combination of equity and project debt that was not recourse based. As a result, the company enhanced its presence on the rising market of Romania in terms of clean energy. The portfolio facilitates the national renewable needs and the grand European decarbonization goals.

Solar Portfolio Dobrun & Sadova Romania Empowers Energy Transition

Dobrun and Sadova Solar Portfolio Romania provides a total of 190MW. In particular, Dobrun plant will produce 120MW and Sadova will be contributing 70MW. The joint venture will provide thousands of households and businesses with clean electricity.

Additionally, Scatec found the investors to stabilize the projects in the long-term period. The financing package allows effective procurement and speedy construction development. Consequently, Romania gets a huge increase in the capacity of solar generation.

Romania is gradually losing reliance on fossil fuels and foreign supplies of energy. Thus, massive photovoltaic operationalization is still in the focus of the national energy planning. Also, the European Union promotes the growth of renewable sources in order to achieve climate commitments by 2030.

Scatec underlined that the grid integration and operation will be optimized with the aid of phased commissioning. As such, the two solar plants will start working in phases as the construction milestones are met. The incremental implementation guarantees the stable power supply without power grid disturbances.

Building Development and Operational Effect

Scatec has got engineering teams and contractors working at the two sites. In the meantime, photovoltaic modules and mounting systems installation will be implemented on schedule. Connection infrastructure through grid connections will also be introduced to facilitate smooth integration.

Notably, the Dobrun & Sadova Solar Portfolio Romania demonstrates more investor confidence in the renewable markets in Eastern Europe. Romania has been receiving international developers as the amount of solar irradiation is still good. Therefore, the €121 million investment entrenches the diversification of energy at the regional level.

In addition, the project also supports the energy transition plan of Europe under its climate neutrality agenda. The development of renewable capacity is also critical towards achieving emission reductions. Thus, Romania is making a competitive hub of clean energy.

Industry analysts point at the fact that financial is an indicator of good project bankability. As a result, lenders and equity partners have confidence in the expertise of operations of Scatec. The company is still increasing its presence in the strategic European markets.

Also, the portfolio will prompt local jobs in construction stages. Procurement and infrastructure contracts will help the contractors and suppliers. The projects will as well enhance the long-term energy resilience of Romania.

Project Fact Sheet: Dobrun & Sadova Solar Portfolio Romania

• Name of the project: Dobrun and Sadova Solar Portfolio.
• Location: Romania
• Developer: Scatec
• Total Capacity: 190MW (Dobrun 120MW; Sadova 70MW)
• Total Investment (Capex): €121 million.
• Technology: Ground-mounted Photovoltaic solar.
• Financing Item: Non-recourse project debt and equity.
• Status Construction Achieved the financial close; construction is in progress.
• Commissioning: Phase operations anticipated.
• Goal: facilitate the energy transition and renewable targets in Romania and Europe.

The Dobrun & Sadova Solar Portfolio Romania is a move towards momentum in the solar infrastructure in Eastern Europe. Currently, with the development of construction, the €121 million project will enhance the clean power generation potential of Romania and speed up the sustainable development.