Romania’s 1.2 GW Dama Solar project has received its final regulatory authorization, allowing developer Rezolv Energy to move into the financing, procurement and construction phase of one of Europe’s largest planned photovoltaic developments.
Romanian energy regulator ANRE has issued the setting-up permit for the project in Arad County, completing the required authorization process. Rezolv, backed by investment firm Actis, increased the project’s planned capacity following technical improvements and further optimisation of its design.
Dama Solar will cover more than 1,064 hectares and is scheduled to enter commercial operation in 2028. Rezolv expects the project to become the largest solar power plant in the European Union once completed. The development also includes plans for a large-scale battery energy storage system, which would help improve the flexibility and market integration of the substantial solar capacity.
Part of the project’s future electricity production will be supported through two contracts for difference (CfDs) awarded during Romania’s second CfD auction in 2025. The agreements are expected to provide greater long-term revenue visibility and improve the project’s bankability as it moves toward construction.
The next major milestone is financial close, which Rezolv expects to achieve shortly. Once financing is secured, the developer can proceed with construction and equipment procurement.
Rezolv has also approached the European Bank for Reconstruction and Development (EBRD) regarding potential financing for the development, highlighting the scale of capital required for a project of this size.
Dama Solar is becoming an important test of Romania’s ability to deliver very large-scale renewable projects while integrating substantial new generation into the electricity system. Its combination of utility-scale solar, battery storage and CfD-backed revenues could provide a reference model for future renewable developments across Southeast Europe.
