Rezolv Energy is held by UK’s Actis fund, one of the leading investors in energy in the world.
Beside UniCredit Bank, the syndicated facility was finalized by Erste Group, and the European Bank for Reconstruction and Development, along with International Finance Corporation (IFC), Intesa Sanpaolo Group, OTP Bank, Raiffeisen Bank International AG and Garanti BBVA Romania.
The financing package consists of a personalized mix of cash and non-cash.
First Look Solutions SRL is a joint-venture between Rezolv Energy and Low Carbon for the construction a 461 MW wind farm, in two phases.
The project is located in Buzau County. Phase 1 of 192 MW, which is due to be completed in 2025, entails the installation of 30 Vestas wind turbines. Phase 2 should see it expanded to a 461 MW capacity.
Once fully operational, Vifor will be one of the largest onshore wind farms in Europe. It will generate enough power for more than 270,000 homes and help avoid production of about 540,000 tons of CO2 a year.