A2A, an Italian group active in the energy, water and environment sectors, has signed a seven-year virtual power-purchase agreement (VPPA) with Rezolv Energy, an independent power producer backed by Actis.
The agreement provides for the purchase of 150 gigawatt-hours of renewable energy per year, with the electricity generated by Rezolv’s VIFOR wind farm in Buzău County, Romania. Once operational, VIFOR will be one of the largest onshore wind farms in Europe.
Phase 1 of the project will install 192 megawatts in capacity, with planned expansion to 461 megawatts in phase 2. Construction is scheduled to be completed within 18 months, with VIFOR coming online before the end of 2025. The renewable energy generated is expected to power around 73,000 households annually and will help avoid nearly 63,000 metric tons of carbon dioxide emissions.
The project is being developed by Rezolv’s subsidiary First Looks Solutions in line with the highest international sustain