Second largest wind farm in Romania will be located south of Buzău

Low Carbon and Rezolv Energy, an independent clean energy power producer focused on sustainable power in Central and South Eastern Europe, to deliver a 450MW onshore wind farm in Romania.

The deal represents one of the renewable energy investment manager’s largest projects to date by energy output.

The Vis Viva wind farm will be located south of Buzău and once operational, it will be the second largest wind farm in Romania – behind only the Fântânele-Cogealac wind farm – and one of the largest onshore wind farms anywhere in Europe.

It has the capacity to generate sufficient clean energy to power more than 272.000 homes, equivalent to Iași and Cluj-Napoca combined. This quantity of clean energy would also avoid approximately 180.000 tonnes of CO2e each year.

Rezolv Energy, recently launched by Actis has acquired a 51% stake in the project. Its leadership team has previously developed and run a portfolio of energy projects in CEE, including the Chirnogeni wind farm in south-eastern Romania.

The Vis Viva wind farm will benefit from the region’s exceptional natural wind resources, flat terrain and energy interconnection. Is expected to reach financial close by 1H 2023.

SEE ALSO: Restart Energy launches a green bond issue to finance investments

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