British Rezolv Energy has acquired from Monsson Group the the late-stage development rights for the project of a 1GW solar power plant in Arad county in western Romania. The project is planned to be the largest of this kind in Europe.
The construction works on the project will begin by June 2023, and the solar power plant should enter commercial operation in 2025 when it is planned to cover the energy needs of some 1 million people.
In August, Rezolv Energy signed similar agreements for the development of two wind projects in Romania with a combined capacity of 1 GW. Among them, Rezolv will develop, in partnership with another UK-based renewable energy company Low Carbon, Vis Viva project – a 450 MW wind farm located in Buzau, which will be the second largest in the country after that in Fantanele-Cogealac.