Rezolv Energy Secures $409 Million for Romanian Wind Farm
Rezolv Energy has secured up to $408.8 million (€367 million) in financing for its 292.5 MW Dunarea East wind farm in Constanța County, Romania.
The package includes the European Bank for Reconstruction and Development (EBRD) and commercial lenders, with support from Denmark’s Export and Investment Fund (EIFO). The EBRD’s participation is backed by a $8.5 million (€7.6 million) EU guarantee through InvestEU.
The project is expected to generate 673 GWh of renewable electricity annually, enough to meet the estimated needs of 600,000 people. Operations are scheduled to begin in early 2029.
As wind generation expands, grid capacity and flexibility become increasingly important. The challenges of accommodating new renewable sources are explored in the role of distribution grids in the energy transition and the integration of renewable and distributed energy generation.
“This financing allows us to move straight into construction at Dunarea East,” said Alastair Hammond, CEO of Rezolv Energy.
Source: Rezolv Energy
