Renewables

Belgian steel wire company inks virtual PPA for wind farm in Romania

bekaert rezolv ppa romania vifor

Photo: wal_172619 from Pixabay

Published

July 5, 2024

Country

Comments

comments icon

0

Share

Published:

July 5, 2024

Country:

Comments:

comments icon

0

Share

Steel wire transformation and coatings producer N.V. Bekaert has secured 100 GWh from a wind farm in Romania under a power purchase agreement.

Belgium-based N.V. Bekaert employs 28,000 people in 45 countries around the world.

The company said it has signed a 10-year virtual power purchase agreement (vPPA) in Romania with First Looks Solutions S.R.L., a project firm established by Rezolv Energy.

According to Bekaert, it is one of the largest PPAs ever signed in the region.

Vifor wind farm is scheduled to come online by the end of 2025

With 100 GWh of additional renewable power per year, annual emissions will be reduced by more than 41,000 tonnes of CO2, the firm added. The power will come from the Vifor wind farm project, developed by Rezolv and Low Carbon in Buzău County, northeast of capital Bucharest.

Of note, three weeks ago Rezolv Energy and Low Carbon obtained a loan package of up to EUR 291 million to support the construction of phase 1 of the Vifor wind farm.

The capacity of the first part is envisaged at 192 MW. The wind farm is scheduled to come online by the end of 2025. The full capacity, 461 MW, would be reached in phase 2. Rezolv pointed out that, once fully operational, Vifor would be one of Europe’s largest onshore wind farms.

Rezolv: Phase 2 of the Vifor project will help us meet even more of the widespread corporate demand for clean power

Bekart said the PPA represents a new milestone in its sustainability strategy Creating a Better Tomorrow. According to Michael Hamilton, the company’s Vice President for Commodities, the agreement doesn’t only enhance its renewable energy portfolio but also exemplifies commitment to sustainability.

Alastair Hammond, Rezolv Energy CEO, said Bekaert is enabling the first phase of the Vifor project. “Phase 2 will help us meet even more of the widespread corporate demand for clean power,” he stressed.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

NGEN Group 9 4 MW battery project Poland

NGEN Group launches 9.4 MW battery project in Poland; more large-scale investments underway

07 August 2025 - NGEN Group launched an energy storage project in Poland, which is a significant step in its expansion into the country's market

Montenegro transmission system operator CGES profit 28 1

Montenegro’s transmission system operator CGES boosts profit by 28.1%

06 August 2025 - Montenegro's transmission system operator CGES achieved a net income of EUR 12.9 million in the first six months of this year

European Energy Communities Facility awards EUR 45,000 for the development of community energy projects

European Energy Communities Facility to award EUR 45,000 per project

06 August 2025 - The European Energy Communities Facility has launched its first call for comprehensive business plans for community energy projects

curtailments wind farm renewables greece

Renewables keep top spot in Greece’s power mix despite surge in curtailments

06 August 2025 - In the first half of 2025, curtailments amounted to 1,327 GWh, equivalent to 9.6% of Greece’s total renewable electricity output.