The latest renewable energy news includes announcements on Scatec, Sol Systems, European Energy, Urleasca onshore wind project, and others.
Scatec Secures Financing for €168 Million, 77 MW Romanian Wind Farm
Scatec has secured financing for the 77 MW Urleasca onshore wind project in Braila County, Romania, allowing construction to begin. Total project cost is approximately €168 million excluding VAT, financed through non-recourse debt and equity with leverage of about 60 percent. Erste Group and Banca Comerciala Romana are lead arrangers and underwriters. Urleasca will use 11 Nordex N175/6.X turbines and is expected to generate around 244 GWh annually, enough for approximately 71,000 homes, while avoiding about 101,000 tonnes of CO2-equivalent emissions per year. A Contract for Difference supports around 57 percent of expected production. OX2 will manage construction, with commercial operation targeted for the second half of 2028.
Sol Systems Acquires 200 MW Texas Solar Project From DESRI
U.S. independent power producer Sol Systems has acquired a 200 MW solar development in Hardin County, Texas, from renewable-energy developer and operator DESRI. The transaction expands Sol Systems’ utility-scale portfolio in one of the fastest-growing U.S. electricity markets. Texas continues to add significant solar, wind and battery capacity as power demand rises from population growth, manufacturing and data centers. A 200 MW photovoltaic project can represent a substantial addition to regional generation while offering developers opportunities to pair solar output with storage or long-term offtake structures. The acquisition transfers the project to Sol Systems for further development toward construction and commercial operation. Financial terms were not disclosed, but the transaction demonstrates continued investor appetite for construction-ready and late-stage solar assets in ERCOT and surrounding Texas markets.
European Energy Starts Construction of 80 MWh Mokoan Battery in Victoria European Energy has broken ground on the Mokoan battery energy storage project in Victoria, Australia, which will provide 80 MWh of storage capacity. The development adds another flexible grid asset to Victoria’s rapidly expanding battery fleet, where storage is increasingly needed to absorb daytime solar and wind production and release electricity during evening demand peaks. European Energy is expanding beyond conventional renewable generation into storage as batteries become central to project economics and grid integration. Construction of Mokoan moves the project from development into physical delivery and strengthens the company’s position in Australia’s electricity-transition market. Victoria has emerged as a major battery-storage investment destination because of renewable penetration, coal-plant retirements and transmission constraints, creating strong demand for short-duration and grid-supporting storage assets.
