Rezolv Energy

In the video below, Alastair Hammond, Rezolv’s CEO, and Korpanec, Jaroslava, Partner and Head of Central & Eastern Europe at Actis, explain the impact that our renewable energy projects are set to have in South Eastern Europe. 🔽 #EnergyTransition #RenewableEnergy #WindEnergy #SolarEnergy #CEE #SEE

2024 has been a year of remarkable progress and relentless effort for Rezolv. As we approach the Christmas break, it’s the perfect time to pause and celebrate some of the key achievements from the past year: 👷 Breaking ground: We started construction at two major projects – the VIFOR wind farm in Buzău County, Romania, and the St. George solar park in Silistra Municipality, Bulgaria. 💰 Securing financing: We secured over €380 million to support the construction of these projects, thanks to the backing of leading international institutions like the IFC - International Finance Corporation and EBRD, alongside regional commercial lenders and local banks. ✒️ Powering partnerships: We signed six virtual Power Purchase Agreements (PPAs) totaling 460 GWh per year with leading companies like T-Mobile Czech Republic a.s., Slovak Telekom, the Ardagh Group, and Bekaert. 🎓 Building skills: The first 40+ solar technicians graduated from our training course at St. George, gaining professional qualifications in solar PV installation and electrical safety. This programme has been a success, and we can’t wait to share more about its impact – and what’s next – in 2025. 🏅 Winning contracts: Rezolv was honored to be among the winners in the Romanian Ministry of Energy’s first-ever Contracts for Difference (CfD) auction earlier this week. These milestones represent just a fraction of the incredible work accomplished by our team this year. To provide a fuller picture of our journey, take a look at the images below 👇 A heartfelt thank you to the entire Rezolv team for their dedication, and to all our partners for their invaluable contributions to this year’s success. #Teamwork #EnergyTransition #RenewableEnergy #CleanPower #Sustainability #PPA

Last week, two ‘Affirmative Art’ workshops focused on renewable energy were held at the Prof. Dr. Ion Anghel Primary School in Luciu, Romania, close to the site of Rezolv’s VIFOR wind farm.   The two workshops were run by ASOCIAȚIA GO-AHEAD in partnership with Vestas, our engineering, procurement and construction (EPC) partner for the first phase of the VIFOR project. Affirmative Art is a creative and innovative method that encourages students to discover and express their dreams, develop collaboration skills through group activities, and promote self-confidence and creativity. Developed in 2012 and successfully applied in countries all over the world, the method uses colours, words and illustrations to support self-expression and personal development. More details on Affirmative Art can be found here: https://lnkd.in/dqdpXnAX The workshops were a huge hit with the 80 children who took part, with the artwork they created now being exhibited around the school for the other students to enjoy. It was also a revelation for the workshops’ moderators, who discovered that several of the children want to visit the VIFOR construction site, and at least three want to work in renewable energy when they grow up!   Huge thanks to Alexandra Cristea from GO-AHEAD and Tiberiu Nica from Vestas for making this project happen. #EnergyTransition #RenewableEnergy #nextgeneration #sustainability

🚀 CfD AUCTION SUCCESS IN ROMANIA 🚀   We are proud to announce that Rezolv Energy has been confirmed as one of the winners in the first contracts for difference (CfD) auction organised by the Romanian Ministry of Energy. The success of our bid, for our VIFOR wind farm in Buzău, would not have been possible without the support and experience of Actis, whose know-how from bidding successfully in CfD auctions across the world was invaluable.   With development risk in the past, Phase I construction proceeding well, and financing in place and advanced (even for Phase 2), the scale of the VIFOR when completed – at 450MW, it will be one of the largest new generation wind farms in Europe – means that Rezolv is in a position to offer the most competitive CfD prices in the region.   This is the culmination of a huge six months for VIFOR:   - In June, we confirmed finance loan facilities of up to €291 million to support the Phase 1 construction of the project. The consortium of eight lenders was led by Erste Group, UniCredit and the EBRD, as well as the IFC - International Finance Corporation, Intesa Sanpaolo, OTP Bank Magyarország, Raiffeisen Bank International AG and Garanti BBVA Romania.   - A few days later, we announced that Vestas had been selected as the EPC partner for the first phase of VIFOR. On the same day, we broke ground at the project site.   - Since June, we have also signed five virtual PPAs connected to VIFOR – covering 350GWh per year. They have catapulted Rezolv into the position of market leader when it comes to PPAs in the Balkans and have put South Eastern Europe on the European map for renewable energy procurement.   This CfD auction success is also a strong vote of confidence in Rezolv’s sustainability strategy, which builds on industry best practice and aligns with international standards. These standards are the most robust in the industry and, in many areas, go well beyond the requirements set down by Romanian law. That sustainability strategy is already being rolled out at VIFOR, and will continue delivering impact throughout the full lifecycle of the project.   Building on this, with the 600MW Dunarea East & West wind farms and the 1,044MW Dama Solar project – which will be the largest solar project anywhere in Europe once it is operational – due to be constructed in 2026 and 2027, Rezolv can continue to bring the largest projects onstream, accelerating Romania’s transition to becoming the greenest country in Europe by 2030. At the same time, they will provide affordable, secure, clean energy to Romania’s industry and communities. Working with Europe’s best OEMs and construction firms, and in close cooperation with local communities, we can continue delivering Europe’s best renewable projects. Huge congratulations to everyone in the team who contributed to this success! #CfD #EnergyTransition #RenewableEnergy #cleanpower #sustainability #PPA

Matej Kruspan, Rezolv Energy’s Chief Commercial Officer, has taken part in a special ENERGOKLUB® podcast, alongside Branislav Mikovíny, Head of Structured Finance Slovakia at UniCredit Bank CZ & SK. The podcast covered a wide range of topics around PPAs, with a particular focus on the evolution of the market in Slovakia.   🎥 Watch a video of the podcast here: https://lnkd.in/erwvDV-Q  🎧 Or listen on Apple (https://lnkd.in/dy3ZS2KR) or Spotify (https://lnkd.in/dT_y3hAk) #EnergyTransition #RenewableEnergy #cleanpower #sustainability #PPA #VPPA   – – – – – – – – – – – – – – – – – – – – – – – – Matej Kruspan, obchodný riaditeľ spoločnosti Rezolv Energy, sa zúčastnil špeciálneho podcastu ENERGOKLUB® spolu s Branislav Mikovíny, riaditeľom oddelenia štruktúrovaného financovania UniCredit Bank CZ & SK.   Podcast sa zaoberal širokou škálou tém týkajúcich sa zmlúv PPA s hlavným zameraním na vývoj trhu na Slovensku. 🎥 Pozrite si video z podcastu tu: https://lnkd.in/erwvDV-Q 🎧 Alebo počúvajte na Apple (https://lnkd.in/dy3ZS2KR) alebo Spotify (https://lnkd.in/dT_y3hAk). #EnergyTransition #obnoviteľnáenergia #čistáenergia #udržateľnosť #PPA #VPPA

The latest edition of Energo MAG in the Czech Republic includes an opinion piece written by Rezolv’s Milan Kamaryt. In it, Milan talks through the PPAs that Rezolv has signed since June and the factors driving the momentum we are now seeing in the PPA market. The conclusion? “To secure their long-term supply of green power, companies should not wait. The time to act is right now.” 👇   – – – – – – – – – – – – – – – – – – – – – – – V nejnovějším vydání časopisu Energo MAG vyšel článek, jehož autorem je Milan Kamaryt ze společnosti Rezolv Energy.  Milan v něm hovoří o PPA smlouvách, které Rezolv podepsal od června, a o klíčových faktorech, které podporují růst trhu s PPA.   Jaký je závěr? "Podniky by neměly čekat se zajištěním dlouhodobých smluv na dodávky zelené energie. Čas jednat je právě teď." 👇 #EnergyTransition #RenewableEnergy #cleanpower #sustainability #PPA #VPPA

A case study on the major virtual Power Purchase Agreements (VPPAs) that Rezolv signed earlier this year with Deutsche Telekom (specifically, with T-Mobile Czech Republic a.s., Slovak Telekom and CE Colo Czech s.r.o.) is now available on the Rezolv website: https://lnkd.in/d6ZhGmRt These were the first cross-border VPPAs signed by Czech or Slovak companies, so as well as providing an overview of the deal, the case study outlines how we navigated the complexities and overcame the challenges Deutsche Telekom faced in signing these innovative agreements. The case study is designed to be helpful to other companies considering a similar off-take agreement, but do get in touch if it doesn’t answer a specific question you have, or if you would like to hear more about how the PPA/VPPA model could work for your business. #EnergyTransition #RenewableEnergy #cleanpower #sustainability #PPA #VPPA

‘St. George’, Rezolv’s utility-scale solar plant in north-eastern Bulgaria, has its own website! You can check it out here: https://stgeorge.energy/   St. George is being built on the site of the former Silistra airport and will comprise nearly 400,000 solar panels. Once constructed, it will be one of the largest solar power plants in Bulgaria.   The plant is scheduled to be commissioned next year.   – – – – – – – – – – – – – – – – – – – – – – – – – – – –   "Св. Георги", проектът на Rezolv за соларен парк в Североизточна България, има собствен уебсайт! Можете да го разгледате тук: https://stgeorge.energy/ "Св. Георги" се изгражда на терена на изведено от експлоатация летище край Силистра и ще има близо 400 000 слънчеви панела. След като бъде построен, той ще бъде един от най-големите соларни паркове в България. Планира се централата да бъде пусната в експлоатация през следващата година.   #RenewableEnergy #solar #PV #energytransition #sustainability #cleanenergy #Bulgaria

At Rezolv, we aim to lead the way in responsible renewable energy development across Central and Southeastern Europe. For us, this means not only delivering clean energy but also creating shared value for local communities, business partners, the economy, and the environment. We always keep the human dimension of the energy transition front of mind. It’s vital never to forget that, as well as contributing to a cleaner energy system, we must improve the quality of people’s lives. A key part of this commitment is prioritizing health and safety—both on and off our project sites. Recently, our team participated in an offsite Basic Life Support and First Aid Training led by the excellent instructors at Life Support s.r.o. Through hands-on, real-life scenarios, we gained invaluable skills to respond to emergencies, including CPR, managing major injuries, and navigating complex situations like smoky environments, electric shocks, and car accidents. Health and safety is a very serious topic, but the excellent team at Life Support s.r.o. made sure that we not only learned a huge amount, we also had a lot of fun! Together, we're not only advancing the energy transition but also ensuring we’re prepared to make a difference in critical moments. 💚⚡ #HealthandSafety #firstaid #teamwork #RenewableEnergy 

The 2024 edition of SeeNext’s ‘Renewable Energy in Bulgaria’ report is out, and it includes an interview with Rezolv’s CEO, Alastair Hammond. The interview focuses on ‘St. George’, our 225MW solar plant which is being built on the site of the decommissioned Silistra airport in north-eastern Bulgaria. It includes an update on the work we have been doing with our EPC partners – Solarpro Holding, CMC Europe and Green Solar Energy – since the construction work started in October. It also discusses the major PPA we signed in September with Ardagh Group. You can read the interview below. 👇 And you can download the full report here: https://lnkd.in/d53bPSRu #RenewableEnergy #solar #PV #energytransition #sustainability #cleanenergy #PPA #Bulgaria