Rezolv Energy a major winner in Romania’s second contracts for difference (CfD) auction

Rezolv Energy’s three successful bids combine for 731.2MW in total wind and solar capacity

The bids related to two major projects – the 1,044MW Dama Solar PV park and the 300MW Dunarea East wind farm

This follows Rezolv Energy’s success in Romania’s first CfD auction, for 240MW of capacity from the VIFOR wind farm

Bucharest, 13 August 2025: Rezolv Energy, backed by growth market sustainable infrastructure investor Actis, has been awarded three contracts for difference (CfDs) by the Romanian Ministry of Energy in the country’s second CfD auction. The three bids covered 731.2MW of capacity from the ‘Dama Solar’ PV project in Arad County and the ‘Dunarea East’ wind farm in Constanța County.

The first two bids, submitted by project company West Power Investments, related to the 1,044MW Dama Solar project. Once built, Dama Solar is expected to be the largest solar plant anywhere in Europe.

The third bid, submitted by project company Midmar Callatis, related to the 300MW Dunarea East project. Dunarea East will, in due course, be joined by Dunarea West, a second wind farm on the same site.

These wins follow Rezolv Energy’s success in Romania’s first CfD auction, when its bid for 240MW of capacity from the VIFOR wind farm in Buzău County was awarded a CfD by the Ministry of Energy. Last month, the first turbine was installed at VIFOR and Rezolv Energy also signed incremental project finance facilities of up to €331 million to support construction of the 269MW second phase of the project.

Alastair Hammond, CEO, Rezolv Energy, 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, Head of Central & Eastern Europe, Infrastructure at Actis, said: “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 Energy was launched in 2022 by Actis, a leading growth market investor in sustainable infrastructure, and has a 2.3GW portfolio of large-scale wind and solar projects in Southeastern Europe. As well as the three large-scale projects in Romania, the portfolio includes St. George, a 225MW solar project which is currently under construction in Northeastern Bulgaria.