Rezolv Energy, the Actis-backed independent power producer in Central and Southeastern Europe, through their project subsidiary First Looks Solutions S.R.L., has signed a 10-year virtual power purchase agreement (VPPA) in Romania with Bekaert for output from its 461 MW Vifor wind farm in Buzau County, Romania.
The deal will enable Bekaert to purchase an additional 100 GWh of renewable power annually, cutting emissions by over 41,000 tonnes of CO2e. VIFOR, one of Europe's largest onshore wind farms near the Carpathian Mountains, will generate enough energy to power over 270,000 homes and avoid about 540,000 tonnes of CO2e each year.
Phase 1 will install 192 MW capacity, with plans to expand to 461 MW in Phase 2. Construction will be completed in 18 months, with VIFOR operational by the end of 2025.
Country updates
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June 21, 2024
Rezolv signed PPA with Deutsche Telekom Group
The Deutsche Telekom Group has signed a cross-border Power Purchasing Agreement (PPA) with Rezolv Energy to offtake power from the 461 MW VIFOR wind farm located in Buzău County, Romani...
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June 14, 2024
First Foundation completed of the 48 MW Onshore wind farm in Romania
Eurowind Energy has completed the first foundation of a 48 MW wind farm in Pecineaga, Romania. The project located in Constanța county consists of 8 Siemens Gamesa SG 6.6-170 turbines with an el...
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May 24, 2024
Final approval secured for 450 MW Wind farm in Romania
The first phase of the 450 MW Vifor wind farm in Buzau county, Romania has been granted setting-up authorization by the Romanian Energy Regulatory Authority (ANRE). Rezolv Energy and Low Carbon are c...
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May 01, 2024
Financing secured for 48 MW Onshore wind project in Romania
Eurowind Energy has successfully obtained a credit facility of EUR65 million (US$ million) to finance the construction of a 48 MW wind farm known as the Pecineaga wind farm in Romania.
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April 16, 2024
Commercial operations begins at 92 MW Solar farm in Romania
Econergy has announced commercial operations at a 92 MW solar project in Parau, Romania. The project, which has begun supplying electricity to the grid, is jointly owned by Econergy and RGreen, a Fre...
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