Energy
June 18, 2024
Border
Less than
2
min read

Rezolv, Low Carbon, and Vestas Partner for Vifor Wind Farm in Romania

Rezolv Energy, Low Carbon, and Vestas have joined forces to develop the first phase of the Vifor wind farm in Romania, which will be the largest onshore wind farm in Europe upon completion.
Rezolv, Low Carbon, and Vestas Partner for Vifor Wind Farm in Romania
Karsten Wurth - Unsplash

Rezolv Energy, a renewable energy producer focused on Central and Southeast Europe, and UK investment company Low Carbon have partnered with Danish wind turbine manufacturer Vestas to develop the first phase of the Vifor wind project in Romania. This collaboration marks a significant step in renewable energy development in the region.

Project Details

The first phase of the Vifor wind project will involve the installation of 30 Vestas wind turbines, each with a capacity of 6.4 MW, totalling an initial installed capacity of 192 MW. This phase, part of a larger 461 MW project, is scheduled for completion within eighteen months and aims to be operational by the end of 2025.

Financing and Impact

Last week, Rezolv and Low Carbon secured loan facilities amounting to up to 291 million euros ($310.96 million) for this initial development phase. Once fully operational, the Vifor wind farm is expected to generate enough green energy to power over 270,000 households, significantly reducing carbon dioxide emissions by approximately 540,000 tonnes annually.

Grid Connection

Romanian power infrastructure company Electromontaj has won the tender to design and execute the connections to the national grid for the Vifor wind farm. Electromontaj will partner with Vestas to build a 400kV connection station, a 400/33kV transformation station in Pogoanele, and a 400kV overhead line connecting the wind farm to the existing 400kV Gura Ialomitei – Stalpu line. The grid connection project, which commenced in May, is also expected to be completed by the end of 2025.

Company Backgrounds

  • Rezolv Energy: Established 18 months ago by UK infrastructure investor Actis, Rezolv Energy boasts over 2 GW of ready-to-build clean energy projects in Southeast Europe, including the 1,044 MW Dama Solar park in Romania.
  • Low Carbon: Invests in renewable energy developers and projects across solar, wind, energy storage, waste-to-energy, and energy efficiency sectors.
  • Electromontaj: Founded in 1949, this Romanian company designs, builds, transforms, and maintains electricity distribution infrastructure. It is a locally owned company, incorporating Emfor, Iproeb, Electrotehnica, and Hidroconstructia.

Future Prospects

This partnership and project underline the continued investment and development in renewable energy infrastructure in Romania and Southeast Europe. The Vifor wind farm, with its substantial capacity and environmental benefits, represents a key milestone in the region's transition to sustainable energy sources.

Close Icon