R.Power has secured €46 million in financing under an agreement with the European Bank for Reconstruction and Development (EBRD) and Bank Gospodarstwa Krajowego (BGK). The funds will be used to build one of the largest utility-scale battery energy storage systems in Romania. The Scornicești storage project has entered the construction phase, and its commissioning is planned for the turn of 2026 and 2027.
R.Power is a Polish renewable energy company specialising in the development of solar farms and energy storage projects. The company has been active in Romania for several years, building a portfolio of photovoltaic and storage projects. The Scornicești storage facility will be one of the first assets of its kind in Romania, supporting grid stability and the country’s energy security. The investment is being carried out by R.Power in cooperation with Eiffel Investment Group.
Financing structure
Under the agreement, the European Bank for Reconstruction and Development is providing investment and bridge financing totalling €44 million. Bank Gospodarstwa Krajowego is providing a guarantee line of €2.3 million to secure a long‑term optimisation agreement for the project, which was signed earlier this year with GEN‑I. PKO Bank Polski is acting as the account bank under the agreement. The total value of the transaction exceeds €46 million.
The transaction continues the multi‑year cooperation between R.Power and EBRD, BGK and PKO BP. It also confirms the growing importance of Romania as one of the most attractive and fastest‑growing energy storage markets in Europe.
– Romania is one of the most important markets for energy storage development in Europe. As in other countries, BESS projects in Romania are essential to enable the efficient use of the growing supply of renewable energy in line with consumer demand. We are proud that together with EBRD, BGK, PKO BP and our partners – Eiffel Investment Group and GEN‑I – we are supporting the development of a flexible and secure energy market – said Michał Swół, Chief Investment Officer of R.Power.
Strategic importance for Romania
– Romania is becoming one of the leaders of the energy transition in South‑Eastern Europe. The integration of battery energy storage systems will significantly increase the resilience of the power system and open up new commercial opportunities for renewable energy developers. As one of the key financiers of Romania’s energy transition, we are pleased to support the implementation of this project – said Georgios Gkiaouris, Head of Energy Europe, Sustainable Infrastructure Group at EBRD.
– Supporting the international expansion of Polish business is one of BGK’s strategic priorities. In 2025, we co‑financed 150 such projects worldwide with a total value of over €600 million. Romania is a promising destination for Polish entrepreneurs in the energy sector, and BGK is helping them mitigate risk and build a lasting presence in this market – said Arkadiusz Zabłoński, Director of the Foreign Expansion and Trade Finance Department at BGK.
– Our involvement in R.Power’s project in Romania reflects our strategic approach to supporting the energy transition in the region. We support our clients not only in Poland but also in international markets, offering comprehensive financial solutions – from transactional support to liquidity instruments such as VAT financing. This strengthens PKO Bank Polski’s position as a reliable partner for investments important to Europe’s energy security – said Jan Majewski, Director of PKO Bank Polski’s corporate branch in Romania.
Photo: R. Power
