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MergersCorp M&A International provides strategic business advisory services, including preparing companies for growth and capital access. Through partnerships with licensed investment bankers, clients can access tailored capital-raising solutions.
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An opportunity to acquire or invest in a high-capacity, grid-connected Battery Energy Storage System (BESS) portfolio in South-Eastern Europe. The pipeline comprises 4 Special Purpose Vehicles (SPVs) covering 5 distinct utility-scale projects with a combined target capacity of 504 MW installed power and 1,010 MWh storage capacity.
Strategically positioned across three key energy regions, the portfolio captures structural market inefficiencies driven by high Day-Ahead Market (DAM) price spreads and growing renewable integration needs.
Scale & Capacity: 504 MW installed power / 1,010 MWh storage capacity distributed across 651 storage units.
De-Risked Status: All 5 projects are Ready-to-Build (RTB) with signed Grid Connection Technical Approvals (ATR) and approved connection studies.
Grid Connectivity: Direct connections secured across 2 Transmission System Operator (TSO) nodes—including a direct 400 kV high-voltage connection—and 2 Distribution System Operator (DSO) nodes.
Site Control: Right-of-superficies and urban planning certificates secured; financial guarantees posted to network operators.
Energy Market Arbitrage: Capitalizing on regional energy market volatility and substantial daily price spreads (average daily peak/off-peak spread reaching ~€168/MWh).
Ancillary & Balancing Services: Sub-second response capability tailored for national grid frequency regulation and balancing reserve contracts with the TSO.
Regulatory Tailwinds: Supported by an EU-approved national BESS funding framework (€150M scheme) and national storage buildout targets of 1,200 MW by 2030.
Total Estimated Portfolio CAPEX: ~€247.5 Million
Estimated Annual Gross Revenue: ~€99.6 Million
Estimated Annual EBITDA: ~€76.6 Million (~70% EBITDA Margin)
Blended Project IRR (15-Year Nominal): ~20% – 21%
Net Present Value (NPV @ 9% WACC): ~€140.6 Million (Base Scenario) up to ~€303.2 Million depending on market sizing assumptions
Simple Payback Period: ~4.7 Years
| Project SPV | Region / Node | Installed Power | Max Export Capacity | Storage Capacity | Grid Voltage / Operator |
| Asset 1 | Location 1 | 259 MW | Direct Grid Connection | ~750 MWh |
High-Voltage TSO/DSO Node |
| Asset 2 | Location 2 | 67.5 MW | 66.2 MW | ~135.4 MWh |
110 kV – Regional DSO Substation |
| Asset 3 | Location 3 | 160 MW | 55.0 MW | ~330.2 MWh |
110 kV – National TSO Substation |
| Asset 4 | Location 1 | 212 MW | 202.1 MW | ~424.0 MWh |
400 kV – Direct National RET Connection |
| Asset 5 | Location 1 | 64 MW | 58.9 MW | ~120.3 MWh |
110 kV – National TSO Substation |
First-Mover Advantage: Establishes immediate scale in one of Europe’s fastest-growing energy storage markets.
High Cash Flow Yield: Strong top-line revenue potential (€120–€180/kW/year optimized across wholesale and balancing markets).
De-Risked Execution: RTB status reduces development timelines, allowing swift deployment of capital.
For further information, full Non-Disclosure Agreements (NDAs), and Data Room access, please contact the advising transaction representative.
© 2025 MergersCorp M&A International is a global brand operating through a number of professional firms and constituent entities (“Members”) located throughout the world to provide Investment Banking, Corporate Finance, and Advisory Services and other client-related professional services. The Member Firms (“Members”) are constituted and regulated in accordance with relevant local regulatory and legal requirements. For more details on the nature of our affiliation, please visit our Disclaimer: https://mergerscorp.com/disclaimer. MergersCorp M&A International's franchising program is not offered to individuals or entities located in the United States.
The franchising program is offered by MergersUK Limited, a UK Company with its registered office at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
MergersCorp M&A International provides strategic business advisory services, including preparing companies for growth and capital access. Through partnerships with licensed investment bankers, clients can access tailored capital-raising solutions.
U.S. Investment Banking Securities transactions are exclusively conducted by Spektrum Capital Advisors LLC, a Registered Representative of, and Securities Products offered through, BA Securities, LLC, a FINRA-registered broker-dealer. Check the background of investment professionals associated with this site on Broker Check.
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Description
An opportunity to acquire or invest in a high-capacity, grid-connected Battery Energy Storage System (BESS) portfolio in South-Eastern Europe. The pipeline comprises 4 Special Purpose Vehicles (SPVs) covering 5 distinct utility-scale projects with a combined target capacity of 504 MW installed power and 1,010 MWh storage capacity.
Strategically positioned across three key energy regions, the portfolio captures structural market inefficiencies driven by high Day-Ahead Market (DAM) price spreads and growing renewable integration needs.
Key Portfolio Highlights
Scale & Capacity: 504 MW installed power / 1,010 MWh storage capacity distributed across 651 storage units.
De-Risked Status: All 5 projects are Ready-to-Build (RTB) with signed Grid Connection Technical Approvals (ATR) and approved connection studies.
Grid Connectivity: Direct connections secured across 2 Transmission System Operator (TSO) nodes—including a direct 400 kV high-voltage connection—and 2 Distribution System Operator (DSO) nodes.
Site Control: Right-of-superficies and urban planning certificates secured; financial guarantees posted to network operators.
Market & Revenue Opportunities
Energy Market Arbitrage: Capitalizing on regional energy market volatility and substantial daily price spreads (average daily peak/off-peak spread reaching ~€168/MWh).
Ancillary & Balancing Services: Sub-second response capability tailored for national grid frequency regulation and balancing reserve contracts with the TSO.
Regulatory Tailwinds: Supported by an EU-approved national BESS funding framework (€150M scheme) and national storage buildout targets of 1,200 MW by 2030.
Projected Financial Summary (Base Case)
Total Estimated Portfolio CAPEX: ~€247.5 Million
Estimated Annual Gross Revenue: ~€99.6 Million
Estimated Annual EBITDA: ~€76.6 Million (~70% EBITDA Margin)
Blended Project IRR (15-Year Nominal): ~20% – 21%
Net Present Value (NPV @ 9% WACC): ~€140.6 Million (Base Scenario) up to ~€303.2 Million depending on market sizing assumptions
Simple Payback Period: ~4.7 Years
Asset Breakdown
High-Voltage TSO/DSO Node
110 kV – Regional DSO Substation
110 kV – National TSO Substation
400 kV – Direct National RET Connection
110 kV – National TSO Substation
Investment Rationale
First-Mover Advantage: Establishes immediate scale in one of Europe’s fastest-growing energy storage markets.
High Cash Flow Yield: Strong top-line revenue potential (€120–€180/kW/year optimized across wholesale and balancing markets).
De-Risked Execution: RTB status reduces development timelines, allowing swift deployment of capital.
For further information, full Non-Disclosure Agreements (NDAs), and Data Room access, please contact the advising transaction representative.
Basic Details
Target Price:
$ 0
Gross Revenue
TBD
EBITDA
TBD
Business ID:
L#20261118
Country
Romania
Detail
Published on August 7, 2026 at 5:35 pm. Updated on August 7, 2026 at 5:36 pm