Renewables
Rezolv Energy secures funding for Romanian wind project
Independent power producer Rezolv Energy has closed a major debt package to construct a large wind farm in southeastern Romania.
Key points
- Rezolv Energy secured up to €367m in financing for the Dunarea East wind facility.
- A consortium of six commercial lenders and international financial institutions provided the capital.
- The 292.5MW wind installation is backed by a contract for difference and a corporate power purchase agreement.
What happened
According to Power Technology, independent power producer Rezolv Energy has successfully obtained up to €367m in project funding for the construction of the Dunarea East wind farm. Located in Constanța County, the installation will feature a capacity of 292.5MW. A group of six financial institutions contributed to the debt package, featuring the European Bank for Reconstruction and Development alongside commercial entities such as Société Générale, Erste Group Bank, and Mizuho Bank Europe.
Additional backing for the arrangement comes from the Export and Investment Fund of Denmark, while the European Union provided a first-loss guarantee through the InvestEU scheme to support the involvement of the EBRD. Power Technology reported that the facility is projected to generate roughly 673GWh of clean electricity annually. Revenue generation for the asset is secured through a contract secured during a 2025 auction and a power purchase agreement signed with Ahold Delhaize.
Project outlook
CEO Alastair Hammond noted that the capital injection enables the firm to immediately commence construction activities at the site. The installation represents the second major wind initiative undertaken by the company in the country, following the VIFOR development in Buzău County. Total senior debt secured by the developer for its Romanian assets has now reached €1.55bn.
Why it matters
Financing structures of this scale offer important lessons for emerging energy markets, including nations across sub-Saharan Africa. With Romania achieving universal electricity access according to World Bank figures from 2024, large-scale private capital continues to flow into expanding its renewable capacity. By contrast, many developing economies grapple with capital constraints and currency risks that hinder the deployment of utility-scale wind and solar infrastructure. Mechanisms blending commercial lending, development finance institution support, and credit guarantees demonstrate how project developers can mitigate risks and unlock investments for capital-intensive green energy assets.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Renewables are the fastest-growing part of the world’s energy system. The COP28 goal is to triple capacity by 2030, and solar mini-grids are the fastest route to power for millions of people without electricity.
44.9% of electricity in Romania was renewable in 2021Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
