Rezolv Energy has won three contracts for difference totalling 731MW in Romania’s second renewable energy auction.
The awards cover capacity from the 1,044MW Dama Solar PV park in Arad County and the 300MW Dunarea East wind farm in Constanța County.
Two of the successful bids, submitted by project company West Power Investments, relate to Dama Solar, which is expected to become Europe’s largest solar plant once operational.
The third bid, submitted by project company Midmar Callatis, relates to Dunarea East, which will later be joined by a second wind farm, Dunarea West, on the same site.
These latest awards follow Rezolv Energy’s success in Romania’s first CfD auction, when it secured 240MW from the VIFOR wind farm in Buzău County. Last month, the first turbine was installed at VIFOR and Rezolv signed incremental project finance facilities of up to €331m to support construction of the 269MW second phase.
Rezolv chief executive Alastair Hammond said: “The Romanian government deserves great credit for allocating more capacity in the second CfD auction, and for setting up the eligibility rules to facilitate support for very large-scale projects like Dama Solar and Dunarea East.
“It underscored the vital role that major wind farms and solar parks play in the energy transition – both environmentally and economically. The CfDs will enable us to move forward quickly into the construction phase at both projects.”
Jaroslava Korpanec, managing director and head of Central & Eastern Europe infrastructure at Actis, added: “This is great result for Rezolv Energy – winning three bids worth a combined 731.2MW. Rezolv Energy had already won a bid in Romania’s first ever CfD auction, so to build on that with three further wins is sign of the trust placed in Rezolv Energy and Actis to deliver as part of Romania’s clean energy future and a testament to the teams’ continuing hard work.”
Rezolv was launched in 2022 by Actis and has a 2.3GW portfolio of large-scale wind and solar projects in Southeastern Europe, including the 225MW St George solar scheme under construction in Bulgaria.