February 18, 2026
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Scatec Secures €121M Financing to Build 189.7 MW Solar Portfolio in Romania

The Scatec has reached financial close for a 189.7 MW photovoltaic portfolio in Romania, enabling the company to commence construction on the three-site project. Most of the planned capacity—in which Defic Globe is a minority shareholder—is covered by contracts-for-difference (CfDs).

A financing package led by the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and Banca Comercială Română (BCR) — part of the Erste Group — underpins the development of the Romanian solar portfolio. Equinor, the Norwegian energy company, is the largest shareholder in Scatec. Total capital expenditure for the portfolio is EUR 121 million, to be financed through a mix of non-recourse project debt and equity with roughly 70% leverage.

EBRD and the EIB each allocated EUR 34 million to the financing, while BCR committed EUR 17.3 million in long-term lending alongside other financing components. Scatec said it will procure key components representing about 35% of total capex and will assume responsibility for operations, maintenance and asset management. The company reported a target commercial-operation date in the second half of 2027.

“Reaching financial close and starting construction of our first projects in Romania confirms the market’s attractiveness and the strength of the CfD framework,” said Terje Pilskog. “With long-term revenue visibility and a robust financing structure, the projects are well positioned for construction and delivery. We look forward to advancing them with our partner Defic Globe and contributing to Romania’s energy transition.”

Scatec secured 15-year CfD contracts covering 70% of production for two of the three projects under the country’s first auction for such contracts; the remaining output will be sold in the wholesale market. The sites are located in southern Romania: one in the commune of Dobrun commune, Olt County, Romania and another in the commune of Sadova commune, Dolj County, Romania. CfD-backed capacity totals 127.8 MW, with a further 61.9 MW planned to operate under full merchant exposure, according to the EBRD.

Defic Globe — a joint venture owned by YEO Technology (51%) and Emsolt Investments — holds a 35% stake in the portfolio and has been appointed to deliver turnkey engineering, procurement and construction (EPC) services. The project companies are registered as Solar World, RB Solar Energy and Energie Soleil.

Listed on the Oslo Stock Exchange, Scatec now has 6.2 GW of capacity in operation and under construction across five continents.

February 9, 2026
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CWP Romania’s Largest Solar Plant Studina Goes Live, Battery Storage Next

The Studina solar power plant has entered regular commercial operation, developer CWP Europe announced. With 174 MW of peak capacity, the project is currently Romania’s largest operating photovoltaic plant, although several bigger utility-scale developments are already underway. The next milestone for Studina is the addition of battery energy storage.

Studina to Produce 245 GWh a Year in Olt County

CWP Europe estimates the Studina photovoltaic plant will generate around 245 GWh annually—enough electricity to supply more than 122,500 Romanian households. The site is located in Olt county, southwest of Bucharest.

At 174 MW nameplate capacity, Studina has taken the top spot among Romania’s operational solar facilities, surpassing Econergy’s Rătești plant (155 MW).

Bigger Solar Parks Already in the Pipeline

Studina’s lead is expected to be temporary as Romania’s solar pipeline accelerates. Nofar Energy is constructing the 282 MW Corbii Mari solar park, while the investment arm of Sweden-based Ingka Holding—the world’s largest IKEA franchisee—is developing the 300 MW Butimanu PV project, with completion targeted for April 2027.

Meanwhile, Enery is preparing to start construction on a major project of 750 MW peak capacity near Bucharest, alongside several other large-scale developments in progress.

Battery Storage Next: Permit Secured for Co-Located System

CWP Europe said Studina has also obtained a building permit for a co-located battery energy storage system, with construction planned as the next phase. The company added that the project was built in partnership with Renalfa.

EPC Partners, Contractors and Equipment

CWP Europe credited its construction team and engineering partners for delivering the project safely and on schedule. Chief Financial Officer and Chief Operating Officer Alex Sekulovic said close coordination and disciplined execution—together with EPC partners Solarpro and Eximprod—helped ensure quality standards and compliance with EHS (environmental, health and safety) requirements, with zero accidents reported during construction.

Solarpro is part of the Austria-based Renalfa Solarpro Group. Siemens Energy was among the contractors, while LONGi supplied Hi-MO 7 bifacial solar modules.

CWP Europe Executive Vice President Viktor Garbev said the project highlights the company’s ability to secure sites, build partnerships, navigate permitting, and deliver assets at scale in demanding technical and regulatory environments.

Grid Connection and Ownership: China Huadian Has Minority Stake

According to recent Romanian media updates, Studina has a 134 MW grid connection, and Chinese state-owned China Huadian Corp. holds a minority stake in the project company.

Related Deal: CCE Sells Horia 2 Project to Renalfa Solarpro

In a separate transaction, CCE sold its Horia 2 solar project to Renalfa Solarpro Group in January. The planned facility is sized at 293.3 MW peak capacity with a 269.2 MW grid connection. Located in Arad county, the site covers 349 hectares.

February 5, 2026
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Saudi Arabia to build 2 GW of solar power in Turkey within 5 GW deal

After extended negotiations, Saudi Arabia has signed an agreement enabling its companies to develop solar power plants totaling 2 GW across two provinces in Turkey. The move forms part of a broader bilateral framework covering 5 GW of photovoltaic and wind capacity.

Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar, and Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman Al Saud, signed an intergovernmental agreement focused on renewable electricity generation. Bayraktar said the objective is to deliver a combined 5 GW of solar and wind power plants in Turkey with Saudi Arabian companies.

In the first phase, two 1 GW solar projects are planned: one in Taşeli in Karaman province and another in Sivas province, Bayraktar said.

Bilateral agreements positioned as a new model for large-scale projects

Bayraktar noted that tenders under Turkey’s state-backed Renewable Energy Zones mechanism (REZ/YEKA) are continuing, alongside investments in self-consumption power plants and energy storage projects. He described intergovernmental and bilateral agreements as a new model for delivering large-scale electricity generation projects, adding that such structures can secure electricity at significantly lower prices over long periods. He made the remarks in Riyadh, where the negotiations were concluded.

Bayraktar reiterated Turkey’s target to triple its combined wind and solar PV capacity to 120 GW by 2035.

He also said the investments—described as a major example of foreign direct investment in Turkey’s energy sector—would be financed externally, with loans expected from international financial institutions.

25-year offtake terms and pricing

Bayraktar stated that electricity from the Karaman solar plant would be purchased for 25 years at 1.995 euro cents per kilowatt-hour (EUR 19.95 per MWh), while power from the Sivas project would be priced at 2.3415 euro cents per kilowatt-hour. He said both levels are the lowest among Turkey’s renewable electricity plants.

He added that the projects are expected to support Turkey’s electrical equipment and services sectors through a 50% locality rate. Bayraktar estimated the first two solar power plants will require around USD 2 billion in investment and will cover the electricity needs of 2.1 million households.

According to Bayraktar, foundations are scheduled to be laid in 2027, with overall completion targeted across 2028 and 2029.

Bayraktar previously said Turkey had been in talks with Saudi partly state-owned utility ACWA.

Turkey had 25.1 GW of solar capacity and 14.8 GW of wind capacity at the end of last year, within a total installed power capacity of 122.5 GW. Bayraktar also said last week that 3.5 GW of self-consumption capacity would be allocated this year, prioritising local authorities, public institutions, and strategic and export-oriented sectors.

October 17, 2017
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Fier and Lushnja, the main destination for photovoltaic parks in Albania

The Ministry of Infrastructure and Energy in Albania has announced on Monday that it has received 10 new expressions of interest for the construction of photovoltaic parks in the country.

The requirements of various companies for the construction of these plants have been numerous throughout the summer after the approval of tariffs that the government will apply. The price of 100 euros per MWh for the purchase of electricity and various support schemes has caused many to run after the renewable resources.

Although so far, all requests have come for solar photovoltaic plants and none for the Wind Farm plants.

Fier and Lushnja areas have also received the most numerous applications, 5 only in the latest announcement, but added dozens of other requests since August. Along with the high level of solar irradiance supply throughout the year, and good flat terrain is a factor that has caused Myzeqeja Region to emerge in the demands of private investors.

In the Darëzezë area in Fier region, company SOLAR RENEWABLE ENERGY seeks to utilize 3.6 hectares of land to install a 2MW plant. The value of the investment amounts to 1.7 million euros.

Even in Seman Fier region, the company “3AD Energy” wants to use 2.34 hectares to set up a 1.75 MW photovoltaic park. The investment here amounts to 2.3 million euros.

In Lushnja region, “Plug” area, a temporary joint venture of three companies seeks to invest 3.9 million euros. This joint venture has asked the MEI to use a 10-hectare surface to install a 5MW power plant.

Again in Lushnja region, the temporary association of companies “FAVINA 1” SH.A. and “ARTYKA 2” SH.PK, has expressed the interest to build a 2MW photovoltaic park. The investment in the region thus adds an additional value of 2 million euros.

The company “Favina” wants to invest 2 million euros in Fier, to set up an 8 hectare plant of 2 MW.

Again  the company “Favina 1” wants to repeat the same investment in the Korca region. In Korça, a similar investment is required by the companies “HIDROCENTRALI QARR & KALTANJ”, as well as “REJ” sh.a.

In Pilur of Himara region, the company “Max Energy” wants to utilize 3 hectares of land to install a 2 MW photovoltaic park. This investment will reach the value of about 1.92 million euros.

In Durres, Solar – Expert Society wants to utilize 2.5 acres of land to set up a 1.98 MW plant with an investment value of 2.7 million euros.

The Solarium Society wants to build a 1.99 MW photovoltaic park in Vora near Tirana, utilizing 2.53 hectares of land. Here, too, the investment amounts to 2.7 million euros.

The total investment for this block of interest expressions published by the Ministry reaches 23.2 million euros and will increase the country’s power capacity by 22.7 MWh.