Rezolv Energy, which develops renewable energy projects in Romania and Bulgaria, has secured EUR 561 million in project financing for the 1.3 GWp Dama Solar power plant it is building in Arad county in western Romania. Announcing the deal on 30 September 2026, the company describes the project as the European Union’s largest onshore renewable energy project.
A major boost to Romania’s solar output
According to Rezolv Energy, the plant will be built on more than 1,000 hectares and will generate around 1,800 GWh of electricity a year, equivalent to around 36 percent of Romania’s total solar electricity generation in 2025. An 82-hectare area will also be set aside for nature restoration as part of the project.
With financing complete, the project moves straight into construction. Around 1,500 people are expected to work on site at peak construction, and the plant is due to enter commercial operation in the second half of 2028. A 520 MW portion of the project is secured by contracts won in Romania’s contract for difference (CfD) auctions.
A consortium of 14 lenders
The financing package was provided by a consortium of 14 lenders, including 10 commercial banks and 3 development finance institutions. The loan received SQS1, Moody’s highest sustainability assessment rating. Rezolv Energy’s portfolio in Romania and Bulgaria totals 2.8 GW.
What the partners said
Rezolv Energy CEO Alastair Hammond said securing financing of this scale from 14 lenders takes the project straight into construction and will make a significant contribution to Romania’s energy transition. Jaroslava Korpanec, head of Central and Eastern Europe infrastructure at investor Actis, said the deal reflects investors’ confidence in Romania’s renewable energy sector and in Rezolv Energy.
Sources
- Rezolv Energy, “Rezolv Energy secures €561 million financing for the EU’s largest onshore renewable energy project”, press release, 30.09.2026 – rezolv.energy
Image: Rezolv Energy
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