Rezolv Energy, an independent renewable energy producer backed by Actis and Mubadala, has signed a project financing agreement for its 292.5MW Dunarea East wind farm in Constanța County, southeastern Romania.
The financing, of up to €367 million, is supported by the Export and Investment Fund of Denmark (EIFO) and provided by a consortium of six lenders: Société Générale, Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank S.A., Mizuho Bank Europe, Raiffeisenlandesbank Niederösterreich-Wien and the European Bank for Reconstruction and Development (EBRD). The EBRD's participation is supported by an InvestEU guarantee.
Project revenues will be supported by a Contract for Difference (CfD) awarded to Dunarea East in Romania's second CfD auction in 2025. The agreement covers 211MW of the project's total capacity. In addition, a corporate Power Purchase Agreement (PPA) with international food retailer Ahold Delhaize provides long-term revenue visibility for a substantial proportion of the project's output.
