MetaWealth, a European real asset investment platform, has reached financial close on a €19 million funding package for Dumbrava, a 50 MW / 100 MWh standalone battery energy storage (BESS) project in Neamț County, Romania. The project is the first to reach financial close under MetaWealth's Romanian BESS programme, which covers approximately 850 MWh of identified and pipeline projects with an estimated total investment of approximately €160 million.
The funding package comprises a seven-year senior credit facility of approximately €10 million from CEC Bank and €9 million in sponsor and investor capital. The Topolinski family is contributing €5.5 million, while €3.5 million is being provided by institutional and private investors through MetaWealth Luxembourg and its authorised distribution partners, including €500,000 from BRD Asset Management (Société Générale). MetaWealth originated and structured the transaction, raising investor capital and securing the senior financing.
"Dumbrava brings the MetaWealth development model together in one transaction: specialist origination and structuring, meaningful sponsor capital, participation from platform investors, domestic bank financing and experienced delivery partners," said Michael Topolinski, founder and CEO of MetaWealth. "With financial close achieved and construction underway, our focus is now on delivering the project towards its April 2027 commercial-operation target. Dumbrava is the first step in building a Romanian energy infrastructure program capable of mobilising sponsor, investor and bank capital at scale."
The project is already under construction, with its grid connection approved and main equipment packages ready for shipment. The connection does not require additional network reinforcement and is located approximately 300 metres from the transmission substation. Parapet Group is the EPC contractor, with commercial operation targeted for April 2027. Once operational, the two-hour battery system will store electricity when prices are lower and release it when demand rises, and is designed to support grid stability subject to required prequalification. Richard McLaughlin-Duane, Managing Director, Origination and Structuring at MetaWealth, said: "Dumbrava was not structured around a single heatwave or exceptional price spike. We selected it for durable market fundamentals and a strong development profile, including secured grid rights and a short connection route that requires no network reinforcement."
The investment comes as Romania's electricity system faces growing demand for storage capacity. The country exceeded 8.5 GW of installed solar capacity in August 2026, with solar supplying more than half of daytime electricity demand on some days. According to DNV, an independent energy advisory group, the difference between Romania's highest and lowest hourly day-ahead electricity prices within a single day reached €168 per MWh in 2025. In March 2026, the European Commission approved a €150 million Romanian state aid scheme to support at least 2,174 MWh of new standalone energy storage capacity. Dumbrava is part of a broader MetaWealth pipeline that also includes a 48 MW / 100 MWh project at Sânpaul in Mureș County and approximately 650 MWh of additional capacity in development.
