Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. The project’s next milestone is grid connection, which is expected before the end of 2026. Construction completion does not yet indicate commercial operation.
The Lazuri facility is designed to produce around 70 GWh of electricity annually. The output is described as equivalent to the electricity consumption of more than 44,000 households. The plant’s generation depends on the timing of its network connection.
Financing package for four Romanian solar developments
Lazuri is one of four Romanian solar projects included in a €44 million financing package arranged by ING Bank and UniCredit Bank in June 2026. The four developments have combined installed capacity of around 75 MW. The financing structure supports the construction and delivery of the portfolio.
The Lazuri project also has a 15-year Contract for Difference (CfD). The CfD provides long-term revenue support and reduces exposure to fluctuations in wholesale electricity prices. This contractual arrangement runs alongside the project finance backing.
CfD and project finance as bankability factors
The combination of project finance and the long-term CfD is described as strengthening Lazuri’s bankability. European solar developers are noted as facing increasing merchant-price volatility and periods of depressed daytime electricity prices. In this context, revenue support is positioned as a key element for turning projects into operating assets.
R.Power has also built a Romanian development pipeline of around 1.5 GW. The pipeline covers solar, hybrid renewable projects and battery storage. Romania is cited as an important part of the company’s Central and Eastern European growth strategy.
Lazuri equipment and network connection requirement
The Lazuri installation includes 88,708 photovoltaic modules. Modules are linked through six medium-voltage substations. The final step for commissioning remains network connection rather than construction completion.
The need for grid access is highlighted as increasingly important across Romania due to rapid renewable development affecting transmission and distribution capacity. Once connected, Lazuri will add another utility-scale renewable asset to the Romanian system. Its financing structure, including long-term revenue support and bank financing, is described as part of the approach for advancing the broader pipeline into operation.
