Financing received for the second Phase of 461 MW Wind Farm in Romania

Rezolv Energy, through its project subsidiary First Look Solutions S.R.L., has signed incremental project finance facilities of up to EUR331 million (USD388.37 million) to support construction of the 269 MW second phase of its VIFOR wind farm in Buzău County, Romania. Phase 2 will take the project to its full 461 MW capacity.

Financing of the second phase is largely supported by our trusted lenders from the first phase, including Erste Group and UniCredit Group, together with the European Bank for Reconstruction and Development, the International Finance Corporation (IFC), Intesa Sanpaolo Group and OTP Bank, joined by Raiffeisenlandesbank Niederösterreich-Wien.

VIFOR Phase 2 follows the first phase of the project, which is currently under construction. Phase 1 will install 192 MW of capacity – 30 turbines, each with a 6.4 MW capacity – and is scheduled to be operational by spring 2026. Phase 2, which will be commissioned in Q4 2027, will add 42 turbines, increasing the overall project capacity to 461MW – enough electricity to power more than 700,000 homes.

Once fully operational, VIFOR will become the largest wind farm built in Romania over the last 10 years, and one of the largest onshore wind farms in Europe.