Rezolv Energy obtains €331 million for wind farm expansion in Romania
Actis-backed Rezolv Energy, through its project subsidiary First Look Solutions, has secured incremental project finance facilities of up to €331 million.
Actis-backed Rezolv Energy, through its project subsidiary First Look Solutions, has secured incremental project finance facilities of up to €331 million.
The renewable energy generated, which could power around 73,000 households annually, will help avoid almost 63,000 tonnes of CO2 emissions.
Expected to begin operating commercially by the end of 2025, the first phase of VIFOR Wind Farm will supply clean electricity to approximately 108,000 households.
T-Mobile Czech Republic, Slovak Telekom and CE Colo Czech Republic, all part of the Deutsche Telekom Group, have signed cross-border virtual Power Purchase Agreements (VPPAs) with Rezolv Energy.

Romania will declare an emergency situation on the fuel market following a working group meeting convened by PM Ilie Bolojan to address surging costs.
eMag Group has appointed Andreea Mihnea as Vice President of People, tasked with coordinating HR processes and operations across the group.
Following recent checks, Romania's Energy Ministry manages emergency oil stocks exceeding 2 million tonnes oil equivalent, according to an official statement.
Although 86% of organisations plan to increase their artificial intelligence (AI) investments, only 18% can fully leverage this technology, according to an Accenture report.
Digi Communications has officially entered the United Kingdom telecommunications market through a strategic acquisition in southern England.