Rezolv Energy has secured financing of up to €561 million for its 1.3 GW Dama Solar development in western Romania, supporting a move into construction ahead of planned commercial operation in the second half of 2028.
The project in Arad county is being developed through West Power Investments and will occupy more than 1,000 hectares.
Expected annual generation is approximately 1,800 GWh, equivalent to around 36% of Romania’s solar output in 2025.
Two contracts for difference awarded in Romania’s second CfD auction cover 520 MW of capacity, providing a contracted revenue base. A separate long-term corporate power purchase agreement will provide additional contracted income.
The financing is Rezolv’s largest package to date, exceeding the €291 million and €331 million arranged for the two phases of its Vifor wind project and €90 million for Bulgaria’s St. George solar plant.
Engineering, procurement and construction contractors are expected to be announced shortly.
With funding secured, attention shifts to construction execution and the 2028 operating target. The CfDs and corporate offtake agreement provide revenue support, while timely delivery remains essential to bringing the planned output to market.
