Scatec acquires 77 MW onshore wind project in Romania. Scatec ASA ("Scatec"), a leading renewable energy solutions provider, has signed an agreement to acquire the Urleasca onshore wind project in Romania from OX2, a leading European renewable energy developer. The 77 MW project is located in the Brăila county in south-east Romania and is supported by a Contract-for-Difference (CfD) covering approximately 43 MW of the capacity at an average price of EUR 71.3/MWh, with the remaining generation to be sold in the Romanian wholesale electricity market. The acquisition marks Scatec's entry into onshore wind in Europe and complements the company's existing solar portfolio in Romania, which includes the 190 MW Dobrun & Sadova solar projects currently under construction. Together, the projects establish a multi-technology renewable energy portfolio in Romania across solar and wind, in line with Scatec's strategy. A diversified portfolio across technologies and offtake structures, combining long-term contracted revenues with exposure to wholesale market prices, allows Scatec to actively optimise value creation across its European assets. The Urleasca project was developed by OX2, who will continue to manage the project through to commissioning under a Construction and Asset Transfer Agreement (CATA). Financial close is targeted in Q3 2026, and targeted COD is in the second half of 2028. "Urleasca is an attractive entry point into European onshore wind. The project has strong fundamentals, long-term revenue visibility through the CfD, and a structured development and construction arrangement with OX2 that gives us a disciplined path to commissioning. Combined with our solar projects already under construction in Romania, this positions Scatec with a more diversified renewable energy portfolio in one of Europe's most compelling markets for the energy transition," says Scatec CEO Terje Pilskog. The total project cost is estimated at EUR 168 million excluding VAT, and will be financed by a combination of non-recourse debt and equity, with a leverage of approximately 60%. Scatec will provide Asset Management and Operations & Maintenance services following commissioning. The transaction is subject to customary conditions precedent. Like what you are reading? Join your peers

OX2 completes sale of 77 MW Romanian wind farm. OX2 has sold a 77 MW ready-to-build wind farm in Romania to Norwegian renewable energy solutions provider Scatec ASA. The wind farm holds a long-term Contract-for-Difference (CfD) with the Romanian State. The Urleasca wind farm, located in south-east Romania, will feature 11 Nordex N175/6.X MW turbines. OX2 is contracted to oversee the entire construction phase scheduled to commence in Q3 2026, with commissioning planned for the second half of 2028. Once operational, the wind farm will generate approximately 244 GWh annually, equivalent to powering 71,000 households, while avoiding approximately 101,000 tonnes of CO2-equivalent emissions per year. "We're pleased to announce our third Romanian transaction, this time with Scatec, demonstrating the market's strong renewable energy momentum. OX2 continues to grow steadily in Romania, with our 1.5 GW development and construction portfolio. This project exemplifies our commitment to delivering value-driven renewable energy solutions", said Matthias Taft, CEO of OX2. The project has secured grid connectivity through a connection agreement with Romania's transmission system operator, Transelectrica. In 2025, OX2 secured a 15-year CfD with the Romanian State for 43MW installed capacity of the Urleasca project. For further information, please contact: OX2 Press contact Tel. +46 (0)8 559 310 11 [email protected] About OX2 AB OX2 is a leading renewable energy developer that operates a large and diverse project portfolio across all major technologies, including onshore and offshore wind, solar, and storage. The total portfolio including development, construction, asset management and operations amounts to about 33 GW. The company is also active in developing projects based on other renewable energy solutions, such as hydrogen. OX2 is present in five European markets, and Australia. The company has about 500 employees and is headquartered in Stockholm, Sweden. OX2 is owned by EQT, one of the world's largest private equity investors. www.ox2.com.

Scatec acquires 77 MW onshore wind project in Romania. 31/07/2026 Scatec, a leading renewable energy solutions provider, has signed an agreement to acquire the Urleasca onshore wind project in Romania from OX2, a leading European renewable energy developer. The 77 MW project is located in the Brăila county in south-east Romania and is supported by a Contract-for-Difference (CfD) covering approximately 43 MW of the capacity at an average price of EUR 71.3/MWh, with the remaining generation to be sold in the Romanian wholesale electricity market. The acquisition marks Scatec's entry into onshore wind in Europe and complements the company's existing solar portfolio in Romania, which includes the 190 MW Dobrun & Sadova solar projects currently under construction. Together, the projects establish a multi-technology renewable energy portfolio in Romania across solar and wind, in line with Scatec's strategy. A diversified portfolio across technologies and offtake structures, combining long-term contracted revenues with exposure to wholesale market prices, allows Scatec to actively optimise value creation across its European assets. The Urleasca project was developed by OX2, who will continue to manage the project through to commissioning under a Construction and Asset Transfer Agreement (CATA). Financial close is targeted in Q3 2026, and targeted COD is in the second half of 2028. "Urleasca is an attractive entry point into European onshore wind. The project has strong fundamentals, long-term revenue visibility through the CfD, and a structured development and construction arrangement with OX2 that gives us a disciplined path to commissioning. Combined with our solar projects already under construction in Romania, this positions Scatec with a more diversified renewable energy portfolio in one of Europe's most compelling markets for the energy transition," says Scatec CEO Terje Pilskog. The total project cost is estimated at EUR 168 million excluding VAT, and will be financed by a combination of non-recourse debt and equity, with a leverage of approximately 60%. Scatec will provide Asset Management and Operations & Maintenance services following commissioning. The transaction is subject to customary conditions precedent. KeyFacts Energy Industry Directory: Scatec