Rezolv Energy expands renewables portfolio in Romania to 2 GW

rezolv energy low carbon wind farms romania

Photo: Hans Linde from Pixabay


December 23, 2022



comments icon




December 23, 2022



comments icon



Companies Rezolv Energy and Low Carbon said they would build two wind farms in Romania with up to 600 MW in combined capacity.

Rezolv was established in August 2020, backed by EUR 500 million from Actis, a global investor in sustainable infrastructure. It is focused on investments in Central and South Eastern Europe. Low Carbon is an investment and asset management company founded in 2011 in the United Kingdom.

Sharing the same grid connection point, the two new wind farms will be located in the communes of Adamclisi and Deleni in Romania’s Constanța county. According to the companies, the sites have exceptional wind resources, flat terrain, and an energy interconnection.

It is the second joint project of the two companies

Low Carbon has been stewarding the Adamclisi and Deleni projects since 2020, in a deal with local developers and Nero Renewables NV. Rezolv, based in Prague, has now acquired a 51% stake in the projects, which are expected to reach a financial close during the second half of 2023, the companies said.

It is the second joint project of the two companies. They earlier said they would build a 450 MW wind farm called Vis Viva.

The wind farms will generate enough clean energy to power more than 332,000 homes and avoid approximately 220,000 tonnes of CO2 annually, the companies said.

The wind farms will generate enough clean energy to power more than 332,000 homes

Rezolv also has a solar farm project of 1,044 MW in Arad. The company said that it manages a portfolio of 2 GW in a late stage of development.

Helping region to increase security of supply

Jim Campion, Chief Executive at Rezolv Energy, said that with over 2 GW of renewables now in development, the company would play a crucial role in diversifying and increasing the security of supply, while reducing Central and Eastern Europe’s dependence on non-renewable energy sources.

According to Roy Bedlow, Chief Executive at Low Carbon, the Adamclisi and Deleni projects will also make a significant contribution to the firm’s own ambition to build 20 GW of new renewable energy capacity and achieve net zero by the end of the decade.

The announcement demonstrates Actis’s commitment to back Rezolv’s ambition to build a multi-gigawatt portfolio of wind, solar and energy generation over the next few years, said Jaroslava Korpanec, Partner and Head of Central and Eastern Europe at the company.

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

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses

ems serbia grid connection wind solar

Serbia opens new round of grid connection applications for wind, solar

17 July 2024 - TSO EMS has announced that September 1 would mark the start of the new interval for the preparation of studies for the grid connection

Trafigura Romanian renewables solar power Nala

Trafigura enters Romanian renewables market via solar power project purchase

17 July 2024 - Trafigura's subsidiary Nala Renewables bought a ready-to-build PV project of 61 MW in Romania with an option to integrate battery storage

western balkans wind solar investments study

Western Balkans have as many prospective solar, wind projects as Germany

17 July 2024 - Prospective utility-scale solar and wind capacity amounts to 23 GW or 70% more than a year ago, according to the latest study