Economy 3 min read By Bethany Hadley
Scatec Starts Building 77 MW Urleasca 2 Wind Farm in Brăila
The 77 MW Urleasca 2 wind farm in Brăila, Romania, has entered the construction execution phase, with a total investment of about 168 million euros, excluding VAT. The project was developed by OX2 and is now fully owned by Norwegian company Scatec, which will operate it after commissioning.
The Urleasca 2 wind farm in Brăila County has entered a concrete phase of construction execution. The 77 MW project has a total investment of about 168 million euros, excluding VAT, and is being taken over by Norwegian renewable energy giant Scatec, after being developed by Swedish company OX2. Scatec bought the project in July 2026, owns it entirely, and will operate and maintain it after commissioning. Urleasca is Scatec's first onshore wind project in Europe.
Construction works are being carried out by CJR Renewables, and grid connections are provided by EnergoBit. The turbines will be supplied by Nordex, which is providing 11 units of the N175/6.X MW model. The park is estimated to produce 244 GWh annually, enough to cover the electricity consumption of approximately 71,000 households. Commercial operation is planned for the second half of 2028.
The project's financing combines equity capital with project loans, with a gearing level of about 60%. Erste Group and BCR act as mandated lead arrangers and underwriters of the financing. The project also benefits from a long-term contract for difference (CfD) with the Romanian state, which covers about 57% of the estimated production, an element that provides revenue predictability in the face of price fluctuations.
For OX2, Urleasca 2 is an important project in developing its presence in Romania, where the company has been active since 2021. With this park, the company's portfolio in the country exceeds 1.5 GW. Globally, OX2, headquartered in Stockholm and owned by the EQT fund, manages a portfolio of about 33 GW.
For Scatec, the project fits into an accelerated expansion strategy. The company aims to reach a global capacity of 11 GW by 2028, up from about 3 GW at present. In Romania, Scatec's pipeline includes the Dobrun and Sadova solar parks, with a combined capacity of 190 MW, as well as an 88 MW / 176 MWh battery storage project. The company says it sees strong demand for storage batteries, both in Europe and in Romania.
The European Investment Bank has allocated 34 million euros for the three solar parks. Solar and storage energy production in Romania is expected to begin next year. Scatec also announced that financial closing for three large projects in Egypt is expected to take place within the next six months.
Source: economedia.ro
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