Rezolv Energy and Low Carbon, through their project subsidiary First Looks Solutions S.R.L., have secured finance loan facilities of up to €291 million ($314 million) to support the Phase 1 construction of the VIFOR wind farm, a major project in Romania.
The financing received resounding support by the financing community. The consortium of eight lenders was led by Erste Group, UniCredit Group and the European Bank for Reconstruction and Development, as well as the International Finance Corporation (IFC), Intesa Sanpaolo Group, OTP Bank, Raiffeisen Bank International AG and Garanti BBVA Romania.
It is the first financing for Rezolv Energy, which was launched 18 months ago by Actis, a global investor in sustainable infrastructure, to build a multi-gigawatt portfolio of onshore wind and solar parks in Central and Southeastern Europe.
Phase 1 of the VIFOR project will install 192 megawatts in capacity underpinned by five landmark commercial power purchase ag
