Romania’s clean-energy momentum has taken a significant leap forward as Nofar Energy announced a substantial financing package to catalyze the development of a 508.90 MW solar portfolio. At a time when Europe is accelerating its shift toward energy independence and emissions reduction, this milestone not only strengthens Romania’s renewable landscape but also reflects growing confidence among global lenders in the country’s solar potential. Let’s explore how this transformative investment is reshaping the region’s energy future.

Nofar Energy has secured an impressive $222.39 million from a consortium of banks, including a major contribution from the European Bank for Reconstruction and Development (EBRD). With $74.13 million coming directly from the EBRD and an additional $148.26 million mobilized from commercial lenders, the financing signals strong institutional support for Romania’s rising solar sector. This capital injection underscores the market’s readiness for large-scale clean energy and highlights the role of blended finance in unlocking sustainable infrastructure across Eastern Europe.

The proceeds will fund the construction of three strategically located solar power plants across Dambovita and Giurgiu counties: the Slobozia, Corbii Mari, and Iepuresti II projects. Together, they will deliver a combined 508.90 MW of installed capacity, generating approximately 676 GWh annually—enough to power hundreds of thousands of Romanian households. The Slobozia solar plant stands out with its 15-year Contract for Difference (CfD), awarded in Romania’s inaugural CfD auction, offering vital revenue certainty. Meanwhile, Corbii Mari and Iepuresti II will operate on the Day-Ahead Market, reflecting a balanced strategy that blends stable and market-based revenue streams for long-term resilience.

The financing marks more than just capital deployment; it represents a shift toward long-term energy stability. Romania’s CfD scheme is designed to strengthen investor confidence by mitigating price volatility—a crucial factor as the nation works to scale its renewable capacity. Nofar Energy’s commitment aligns perfectly with these national goals, supporting both grid modernization and the broader European transition toward low-carbon power generation. By uplifting regional economic activity and deploying high-quality solar infrastructure, the company is positioning Romania as a key clean-energy hub in Southeastern Europe.

As Romania continues to embrace ambitious climate targets, investments like these will shape the trajectory of its renewable future.

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