VIFOR Wind Farm Progress Update

Earlier in this series, at the end of Q1 2024, we considered 2030 emissions targets and provided a ‘status update’ on the progress the countries in Central & Southeastern Europe (CEE) had made in 2023.

Rezolv Energy, one of the leading renewable energy producers in Central and Southeastern Europe, is offering 100 free training places in Buzău County, Romania, to help local people gain the skills needed for tomorrow’s clean energy jobs.

Rezolv Energy has secured a grant from the European Union under the NextGenerationEU programme for the deployment of a Battery Energy Storage System (BESS) at the St. George solar power plant in Bulgaria.

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.

Rezolv Energy, backed by growth market sustainable infrastructure investor Actis, has selected its key partners for Phase 2 of the VIFOR Wind Farm in Buzău County, Romania.

Actis-backed Rezolv Energy, through its project subsidiary First Look Solutions S.R.L., has signed incremental project finance facilities of up to €331 million to support construction of the 269MW second phase of its VIFOR wind farm in Buzău County, Romania. Phase 2 will take the project to its full 461MW capacity.

Rezolv Energy and SCION have announced the launch of the SCION Accelerator, a 10-week programme to support early-stage teams working at the intersection of ecology, science and scalable technology in Bulgaria and Romania.

In the last article in this series, we undertook a deep-dive into the ICT industry and why it – and the growth of data centres specifically – is so significant for the development of renewable energy in Central and Southeastern Europe.

Rezolv Energy, an independent power producer backed by Actis, has secured up to €90 million in debt financing from the International Finance Corporation (IFC) and Raiffeisen Bank International to support the construction of the ‘St. George’ solar park in north-eastern Bulgaria.