Actis-backed Rezolv Energy, through its project subsidiary First Look Solutions, has signed incremental project finance facilities of up to €331 million ($388 million) to support construction of the 269-megawatt second phase of its VIFOR wind farm in Buzău County, Romania. Phase 2 will take the project to its full 461-megawatt capacity.
Financing of the second phase is largely supported by lenders from the first phase, including Erste Group and UniCredit Group, together with the European Bank for Reconstruction and Development, the International Finance Corp. (IFC), Intesa Sanpaolo Group and OTP Bank, joined by Raiffeisenlandesbank Niederösterreich-Wien.
VIFOR Phase 2 follows the first phase of the project, which is currently under construction. Phase 1 will install 192 megawatts in capacity — 30 turbines of 6.4 megawatts each — and is scheduled to be operational by spring 2026. Phase 2, which will be commissioned in fourth quarter 2027, will add 42 turbines, i
