Actis-backed Rezolv secures 971.2 MW under Romania CfD scheme

Rezolv Energy will start building the 1 GW Dama Solar project in western Romania by late summer, with completion expected in late 2028. Reuters reported that the developer plans to grow its renewable capacity across central and southeastern Europe to 4 to 5 GW by 2030, up from nearly 2.3 GW today. Once built, Dama will be the largest solar park in the EU, capable of supplying power to 280,000 households.

The project sits within Romania's strategy to expand renewable generation while phasing out coal. Founded in 2022 with backing from British sustainable infrastructure investor Actis, Rezolv operates solar and wind assets in Romania and Bulgaria that are running, under construction, or in advanced financing. S&P Global reported that Dama is in the final stages of financing, with CEO Alastair Hammond confirming construction will commence soon.

What this means for UK buyers

Rezolv's model matters to commercial buyers because of how it plans to sell the power. The company originally aimed to secure as much capacity as possible through long-term power purchase agreements (PPAs), contracts where a business buys generation output directly at an agreed price. Hammond told Reuters that the energy crisis following the war in Ukraine left firms hesitant to commit to long-term off-take, though interest is now rising as companies work towards 2030 decarbonisation targets.

So far Rezolv has signed seven PPAs, with counterparties including:

• T-Mobile Czech Republic
• Slovak Telekom
• Bekaert
• Government tenders under an EU-funded low-carbon support scheme

That scheme uses Contracts for Difference (CfD), which guarantee a power price at an agreed rate for 15 years. Energy Live News noted that Rezolv is the primary recipient under the programme, securing 971.2 MW of a total 4.6 GW auctioned. For buyers, the mix of corporate PPAs and CfD-backed volume signals how new-build renewable capacity is being underwritten: part by government-guaranteed prices, part by direct corporate demand.

UK baseload day-ahead power over the past year frames why corporate buyers are weighing long-term renewable off-take against a market still set at the gas-linked margin.

The wider read is on supply. Large-scale solar coming online in southeastern Europe adds generation to a regional market that remains tightly linked to gas-set marginal pricing. It does not shift UK curves directly, but the pipeline of corporate PPAs shows demand from businesses chasing decarbonisation is firming after several slow years.

Watch whether Dama's financing closes on schedule this summer, and whether corporate PPA appetite continues to recover. Both will shape how quickly renewable capacity converts into contractable volume for commercial buyers over the 2026-28 window.