R.Power has entered into a strategic partnership with Eiffel Investment Group through the sale of a stake in its Scornicesti battery energy storage system (BESS) project, establishing a new joint venture focused on large-scale energy storage in Romania.
The 127MW/254MWh facility, located in Olt County, represents one of Romania’s most significant battery storage developments and marks the second collaboration between R.Power and Eiffel Investment Group in the Romanian market, following their previous work on photovoltaic installations.
Project Details and Grid Services
The Scornicesti BESS will deliver 254MWh of flexible capacity to Romania’s electricity grid, providing essential ancillary services including frequency control, balancing operations, and peak-shaving capabilities. These functions are critical for grid stability as Romania increases its renewable energy penetration.
Under the joint venture agreement, both partners will share responsibilities for project financing, construction, and long-term operations of the facility, which is positioned as a key infrastructure asset for supporting renewable energy integration in Central and Eastern Europe.
Strategic Significance for R.Power
Przemek Pięta, chief executive and founder of R.Power, emphasized the strategic importance of the partnership: “We are very proud to strengthen our partnership with Eiffel Investment Group through another joint venture in Romania — this time in battery storage. Following our cooperation in photovoltaic projects, this transaction marks the next step in expanding our long-term presence in one of Europe’s most dynamic renewable energy markets.”
Romania represents a priority market for R.Power, where the company is actively developing and constructing multiple photovoltaic facilities, including projects at Stalpu, Suseni, Dudesti, and Punghina. The Scornicesti battery storage project complements this solar portfolio by addressing grid flexibility requirements.
Integrated IPP Model
The transaction aligns with R.Power’s strategic focus on battery energy storage as a core component of its integrated independent power producer (IPP) business model. The company’s approach combines solar, wind, and storage assets across European markets to create a diversified renewable energy platform.
For Eiffel Investment Group, the partnership supports its ongoing commitment to financing clean energy infrastructure and accelerating the energy transition across Europe, particularly in emerging markets with substantial renewable energy potential.
Market Context
Romania’s renewable energy sector has experienced significant growth, creating increasing demand for energy storage solutions that can manage intermittent generation from solar and wind sources. Battery storage systems like the Scornicesti project play a vital role in grid modernization and enabling higher renewable energy capacity deployment.
The joint venture structure allows both companies to leverage their respective expertise—R.Power’s development and operational capabilities combined with Eiffel Investment Group’s infrastructure financing experience—to deliver advanced energy storage infrastructure in one of Central and Eastern Europe’s most dynamic renewable markets.
