2025-07-22
energy

Rezolv Energy, supported by Actis and operating through its subsidiary First Look Solutions S.R.L., has secured additional project financing of up to €331 million for the second phase of the VIFOR wind farm in Buzău County, Romania. This phase will expand the total installed capacity of the wind farm to 461MW. The financing is backed primarily by the lenders involved in the project’s first phase: Erste Group, UniCredit Group, the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), Intesa Sanpaolo Group, and OTP Bank. Raiffeisenlandesbank Niederösterreich-Wien also joined the lending group for this latest round. The initial 192MW phase, comprising 30 turbines of 6.4MW each, is currently under construction and expected to be operational by spring 2026. The second phase will add 42 turbines, with commissioning targeted for the fourth quarter of 2027. Once completed, the full project capacity of 461MW is projected to supply electricity to more than 700,000 households. The VIFOR wind farm is expected to be the largest such facility built in Romania in the last decade and among the largest onshore wind projects in Europe. The financing approval was based on the project’s alignment with international sustainability standards, including those of the IFC, EBRD, and the Equator Principles. Beyond energy generation, the project is contributing to local employment and community initiatives in Buzău County. Rezolv Energy stated that these efforts are intended to support local development and long-term benefits for residents. Rezolv Energy, launched in 2022 by Actis, currently manages a renewable energy portfolio of 2.3GW across Southeastern Europe. Other projects include Dama Solar (1,044MW), the Dunarea East & West wind farms (600MW), and the St. George solar project (225MW), which is under construction in Bulgaria.