Solarplaza Summit Romania PV & Storage 2025

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𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗣𝗮𝘁𝗵𝘄𝗮𝘆𝘀 𝗳𝗼𝗿 𝗣𝗩 & 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀

As more renewable generation and BESS projects move from blueprint to ready-to-build, 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 these investments is becoming a central topic for investors and financiers alike.

Mihaela Nyerges moderated the 𝗽𝗮𝗻𝗲𝗹 𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗣𝗮𝘁𝗵𝘄𝗮𝘆𝘀 𝗳𝗼𝗿 𝗣𝗩 & 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀 at the 𝗦𝗼𝗹𝗮𝗿𝗽𝗹𝗮𝘇𝗮 𝗦𝘂𝗺𝗺𝗶𝘁 𝗥𝗼𝗺𝗮𝗻𝗶𝗮 𝗣𝗩 & 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝟮𝟬𝟮𝟱 event. Together with an exceptional line-up of speakers, they provided both lender and investor perspectives:

🎤 Teodor Filip, Project Finance VP - 𝘌𝘯𝘦𝘳𝘺
🎤 Catalin Cepisca, Senior Director - 𝘙𝘢𝘪𝘧𝘧𝘦𝘪𝘴𝘦𝘯 𝘉𝘢𝘯𝘬
🎤 Ioana Voinescu, Head of Sustainability Department – 𝘉𝘢𝘯𝘤𝘢 𝘊𝘰𝘮𝘦𝘳𝘤𝘪𝘢𝘭𝘢 𝘙𝘰𝘮𝘢𝘯𝘢
🎤 Edward Randolph, Investment Director - 𝘈𝘮𝘣𝘦𝘳 𝘐𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦

It was an insightful and dynamic conversation on the evolving financing landscape for renewables in Romania. Here are a few key takeaways:

✅ 𝗕𝗮𝗻𝗸𝘀 𝗮𝗿𝗲 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 about the bankability of the CfD scheme, despite earlier market concerns—such as the unilateral termination rights of the CfD counterparty, the lack of liability in cases of CfD fund illiquidity, and price indexation mechanism.
✅ 𝗕𝗘𝗦𝗦 𝗰𝗼-𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 are gaining traction among banks, seen as a viable way to enhance project value and mitigate market risks—whereas 𝘀𝘁𝗮𝗻𝗱𝗮𝗹𝗼𝗻𝗲 𝗕𝗘𝗦𝗦 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 still face hurdles due to ongoing regulatory uncertainty and financial model challenges.
✅ The 𝗿𝗲𝗺𝗼𝘃𝗮𝗹 𝗼𝗳 𝗱𝗼𝘂𝗯𝗹𝗲 𝘁𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗕𝗘𝗦𝗦 is a major step forward and was long anticipated by the market. However, clarity is still needed on the 𝗳𝘂𝘁𝘂𝗿𝗲 𝘁𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 being developed by ANRE, which will be shaped by input from grid operators.
✅ BCR, Erste Group, 𝗮𝗻𝗱 UniCredit delivered a standout example of financing innovation—supporting Enery with a hybrid structure combining refinancing of operational assets and investment in new PV and co-located BESS projects.
✅ 𝗥𝗼𝗺𝗮𝗻𝗶𝗮’𝘀 𝗢𝗘𝗖𝗗 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗼𝗻 is set to unlock new financing from international institutions restricted from investing in non-OECD countries.
✅ 𝗣𝗲𝗻𝘀𝗶𝗼𝗻 𝗳𝘂𝗻𝗱 𝗿𝗲𝗳𝗼𝗿𝗺 is needed to allow local pension funds to invest in renewables—opening up a much-needed pool of long-term capital.

💡 They also explored:

✅ The benefits and complexity of 𝗯𝗹𝗲𝗻𝗱𝗲𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗺𝗼𝗱𝗲𝗹𝘀 combining debt financing with EU funding.
✅ The evolving dynamics of 𝗺𝗮𝗿𝗸𝗲𝘁-𝗿𝗶𝘀𝗸 𝘃𝘀. 𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗿𝗲𝘃𝗲𝗻𝘂𝗲𝘀 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴.
✅ The comparative strategies of 𝗣𝗣𝗔𝘀 𝘃𝘀. 𝗖𝗳𝗗𝘀.
✅ And the growing interest in Romania’s 𝘀𝗲𝗰𝗼𝗻𝗱 𝗖𝗳𝗗 𝗮𝘂𝗰𝘁𝗶𝗼𝗻.

Grateful to the panelists for their thoughtful insights and to Solarplaza for the opportunity to lead this important discussion.