The RTB Brief
One sourced note on Romanian solar, storage and the CfD — written for committees and credit teams. No roundups.
Bankability anchors: LCOE, capex and the levered return
The Romanian arithmetic closes: a cost floor below the CfD strike, well-benchmarked capex, and infrastructure-grade levered returns — indicative ranges, never guaranteed.
Read the note →
Turkey ↔ Romania: the mechanics of the capital corridor
Why Turkish capital is looking to Romania — EU + NATO cover, EUR revenue, an EU-protected price floor — and...
Read →
BESS revenue stacking in Romania — what stacks, what banks underwrite
Batteries earn from more than one source. Knowing which revenues stack — and which a lender will actually credit —...
Read →
The EU funding stack behind Romanian renewables
The Modernisation Fund, PNRR and Cohesion Funds put tens of billions of euros behind Romania's energy transition — and roughly...
Read →
How Romania's CfD actually works
The Contract for Difference converts a merchant-exposed asset into a bankable one. Here is the mechanism, the track record, and...
Read →
Romania's grid is the real constraint — and why storage is the fast answer
Solar is being added faster than the network can absorb it. The grid — not panels or price — is...
Read →The Romanian CfD — Three Rounds in Review.
Our market-desk brief: how a Contract for Difference makes a Romanian project bankable, the Round 1–3 results (432 MW @ €51 → 1,488 MW @ €40.5/MWh), and what falling strikes mean for timing.
Free · PDF · sources cited · no email required.
Download the brief (PDF) →
The RTB Brief.
Our monthly long-form note for committees and credit teams — senior-authored, dated, and sourced, with every external claim cited. The reference read on Romanian solar, storage and the CfD.