OX2, one of Europe's leading renewable energy developers, and Scatec, a leading international provider of renewable energy solutions, today marked the official celebration of an important milestone in the construction of the 77 MW Urleasca 2 wind farm Braila County.
The event brought together representatives of the companies involved, financing institutions, authorities and the local community to celebrate the project's progress.
Developed by OX2 and acquired by Scatec in July 2026, the project brings together several international partners. OX2 manages construction through commissioning, CJR Renewables is involved in executing the construction works, EnergoBit is responsible for building the connection works, and Nordex is supplying the 11 wind turbines. Scatec owns 100% of the project and will provide operations, maintenance and asset management services after commissioning.
“Urleasca 2 reflects what we aim to achieve through OX2’s integrated model: turning projects developed from scratch into tangible investments capable of delivering renewable energy. Having completed the development, permitting and commercial structuring phases, we are now in the implementation phase, alongside experienced partners such as CJR Renewables, EnergoBit and Nordex. Our collaboration with Scatec demonstrates that successful projects are built on trust, expertise and strong partnerships, from development through to operations,” said Lacramioara Diaconu-Pintea, Country Manager, OX2 Romania.
The Urleasca 2 wind farm will comprise 11 Nordex N175/6.X MW turbines, with a total installed capacity of 77 MW and estimated annual generation of 244 GWh, equivalent to the annual electricity consumption of approximately 71,000 households. Commercial operations are planned for the second half of 2028.
The total investment is estimated at approximately EUR 168 million, excluding VAT, financed through a combination of equity and project debt, with leverage of approximately 60%. Erste Group and Banca Comerciala Romana (BCR) are the mandated lead arrangers and underwriters of the debt financing.
The project benefits from a long-term Contract for Difference (CfD) with the Romanian state, secured by OX2 during the development phase, covering approximately 57% of the expected electricity generation.
“Urleasca 2 represents a strategic investment for Scatec and an important step in expanding our portfolio in Romania. Today, we mark an important moment as preparation and planning efforts turn into tangible results. Reaching this milestone reflects the commitment and collaboration of all partners and is an achievement we can be proud of. We are now focused on the next stages, with a commitment to delivering the project safely, to the highest standards and in line with the agreed schedule,” said Pal Strom, Project Director Europe, Scatec.
Urleasca 2 complements Scatec's Romanian portfolio, which also includes the Dobrun and Sadova solar projects, with a combined capacity of 190 MW, currently under construction, as well as the 88 MW / 176 MWh battery energy storage project in the backlog.
“The project marks Scatec’s entry into the European onshore wind market and complements our investments in solar energy and storage. Collaboration with OX2, CJR Renewables, EnergoBit and Nordex, alongside support from our financing partners and dialogue with authorities and local communities, is essential to the successful delivery of this investment,” said Alex Patrascu, Country Manager Romania, Scatec.
For OX2, which has been active in Romania since 2021, the project strengthens a portfolio of more than 1.5 GW across wind, solar and battery energy storage, contributing to the expansion of Romania's renewable energy generation capacity.
About OX2 AB
OX2 is a renewable energy company accelerating the transition to a sustainable energy system. Through its integrated model as an independent power producer (IPP), OX2 develops, constructs, owns and manages renewable energy assets across onshore and offshore wind, solar and energy storage.
With a diversified portfolio of approximately 33 GW across development, construction, asset management and operations, OX2 combines entrepreneurial project development with long-term ownership and value creation.
The company operates in five European markets and Australia, has approximately 500 employees, and is headquartered in Stockholm, Sweden. OX2 is owned by EQT, one of the world's largest private equity investors.
About Scatec
Scatec is a leading international provider of renewable energy solutions, helping accelerate access to clean, reliable and affordable energy in the markets where it operates.
With a long-term perspective, Scatec develops, constructs, owns and operates renewable power generation assets. The company has projects in operation or development across five continents, with a total generation capacity of 8 GW and an energy storage capacity of 2.1 GWh.
Scatec aims to continue expanding its renewable energy portfolio through the commitment and expertise of its employees and partners, united by a shared vision: “Improving our Future”.
