Rezolv Energy

In the video below, Alastair Hammond, Rezolv’s CEO, and Korpanec, Jaroslava, Partner and Head of Central & Eastern Europe at Actis, explain the impact that our renewable energy projects are set to have in South Eastern Europe. 🔽 #EnergyTransition #RenewableEnergy #WindEnergy #SolarEnergy #CEE #SEE

The seventh article in our series on the clean energy transition in Central & South Eastern Europe is out 👇 https://lnkd.in/dJQzX3V9   In the article, we explore the regulations, directives and other EU initiatives which are – or will be – the most important in encouraging European companies to switch to buying more renewable power. The focus is on legislative proposals which have either not yet been approved, or legislation which has been approved but is not yet fully in force – so where some of the obligations on companies are still pending. Six pieces of legislation are highlighted: 1.      The Corporate Sustainability Reporting Directive & the European Sustainability Reporting Standards 2.      The Corporate Sustainability Due Diligence Directive 3.      Reforming the design of the EU’s electricity market 4.      The EU-wide scheme for rating the sustainability of data centres 5.      The revised Directive on the Energy Performance of Buildings 6.      The proposal for a Directive on Green Claims What is coming up next time? We will be taking another sector deep-dive, this time into the industry which is leading the way when it comes to the amount of capacity that has been contracted through green Power Purchase Agreements (PPAs): information & communications technology (ICT)… You can review the first six articles in the series here:   – “Why is Rezolv investing in Bulgaria?”: https://lnkd.in/dehY68Cr   – “Why is Rezolv investing in Romania?”: https://lnkd.in/dFhhwmsb   – “Even more urgency is required to meet the 2030 emissions targets in Central & South Eastern Europe”: https://lnkd.in/d4AF9_j2   – “The Czech Republic’s 2030 renewables target will only be achievable with rapid, widespread and coordinated policy change”: https://lnkd.in/daGHcZVv – “What is driving the interest in PPAs that we are seeing from the automotive sector?”: https://lnkd.in/gJUB8kze – “Why is the telecoms industry amongst the fastest-growing sectors for renewable energy PPAs?”: https://lnkd.in/dFbExc-z #greentelecoms #telecoms #energytransition #CEE #SEE #renewables #wind #solar #greenenergy #renewableenergy #PPA

We are delighted that our VPPAs with T-Mobile Czech Republic a.s., Slovak Telekom and CE Colo Czech s.r.o. are among the highlights in the July edition of Pexapark’s PPA Times (see page 8 in the report below) – alongside Europe’s first football PPA! 👇 #EnergyTransition #RenewableEnergy #cleanpower #sustainability #PPA #VPPA #CEE #SEE

Website-ul Rezolv este acum disponibil în limba română!   Link mai jos ⏬ https://rezolv.energy/ro/ #TranzițieEnergetică #EnergieRegenerabilă #EnergieEoliană #EnergieSolară #CEE #SEE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - The Rezolv website is now available in Romanian!   You can check it out below ⏬   https://rezolv.energy/ro/   #EnergyTransition #RenewableEnergy #WindEnergy #SolarEnergy #CEE #SEE

🎉 ANOTHER MAJOR PPA SIGNED! 🎉 Actis-backed Rezolv Energy has signed a major Virtual Power Purchase Agreement (VPPA) with Bekaert, a global leader in steel wire transformation and coating technologies. Here are the details: 📝 Bekaert will buy 100GWh of additional renewable power per year for 10 years 🚀 This is one of the largest PPAs ever signed in the region 📉 Through the VPPA, Bekaert will reduce its annual emissions by more than 41,000 tonnes of CO2e 👷 It will help enable the construction of the first phase of the 461MW ‘VIFOR’ wind farm, which Rezolv and Low Carbon have developed in Buzău County, Romania 💨 Phase 1 of the VIFOR project will install 192MW in capacity – Phase 2 will make a further 700GWh available to corporate buyers Alastair Hammond, Rezolv’s CEO, said: “We are proud to be contributing to Bekaert’s decarbonisation objectives through this VPPA. By signing it, Bekaert is also enabling the first phase of the VIFOR project, a large-scale wind farm which will play a significant role in Romania’s energy transition. Phase 2 will help us meet even more of the widespread corporate demand for clean power.” Korpanec, Jaroslava, Partner and Head of Central and Eastern Europe, Energy Infrastructure at Actis, said: “The signing of this VPPA is another marker of momentum for Rezolv Energy. It’s one of the largest VPPAs ever signed in Romania and thanks to this agreement, Bekaert is able to decarbonise and rely on clean, wind energy for its power supply. Rezolv Energy is leading the way in rolling out renewable energy to commercial and industrial customers across Central and Southeastern Europe.” Many thanks to Bekaert for its leadership on sustainability, and congratulations to every member of the Rezolv team that contributed to the signing of this hugely important deal. 👏 The full press release is here: https://lnkd.in/djsGzTbS ⏬ #EnergyTransition #RenewableEnergy #cleanpower #sustainability #PPA #VPPA #CEE #SEE

We are delighted to announce that Rezolv has become a member of WindEurope! WindEurope is the voice of the European wind industry, representing the interests of members from across the value chain: national wind energy associations, turbine manufacturers, component suppliers, utilities, financial institutions and research institutes – as well as renewable energy producers like Rezolv. Rezolv’s business is built on a heritage of 15 years in clean energy in Central and South Eastern Europe. Our team previously created and operated the largest wind farms in Croatia and the Czech Republic, and the largest independent wind farm in Romania. We now, of course, also have more than 1GW of wind power under construction or in late stage development through two projects we are developing in Romania in partnership with Low Carbon: VIFOR (https://lnkd.in/dMF2dfRN) and Dunarea East & West (https://lnkd.in/d88nR98H). It’s experience that we will be feeding into WindEurope’s advocacy work so that, together, we can help enable the most supportive environment possible for the growth of wind energy across Europe. #WindEurope #WindEnergy #EnergyTransition #RenewableEnergy #cleanpower #sustainability #CEE #SEE

Marian PAVEL, Rezolv’s General Manager Romania, has given an interview to Energynomics in which he gives an update on our VIFOR wind project in Buzău County, outlines Rezolv’s approach to sustainability and explains how the fast-growing corporate demand for competitive-priced clean power can be met now. Check out the English language version of the interview below ⏬ https://lnkd.in/dQj_zsDK The Romanian language version is here: https://lnkd.in/d--RTbRc #Decarbonisation #RenewableEnergy #EnergyTransition #sustainability #PPAs

Many thanks to RE-Source Platform for profiling Rezolv’s VPPAs with T-Mobile Czech Republic a.s., Slovak Telekom, and CE Colo Czech s.r.o. RE-Source Platform plays a hugely important role in facilitating the PPA market across Europe, by bringing renewable energy buyers and sellers together and by promoting a better framework for corporate renewable energy sourcing at EU and national level. Thank you to RE-Source Platform for everything that you do!

It has been an incredibly busy month for our entire team! We have been fully engaged in closing PPA deals (https://lnkd.in/dVfGtYUD) and securing finance loan facilities (https://lnkd.in/dXmyNHVn) – leading up to the ground-breaking ceremony at our VIFOR project in Buzău County, Romania (https://lnkd.in/ds2YyXaP).   Our summer wave of announcements is not over yet – stay tuned for more to come soon – but around all of the work priorities, we have still found time to have fun and take part in two initiatives with a positive sustainability impact:   🏃 🏃♀️ Yesterday, Rezolv’s teams participated in the UniCredit Prague Relay 2024. Participants were able to pay an extra contribution to support a tree planting project, which we all did. Well done to everyone who took part – an excellent effort on a warm day in the middle of Prague. ⏬ Many thanks to the organisers for putting on a fantastic event with such a great atmosphere.   🚴 🚴 We also took part in the ‘Do práce na kole’ (Bike to Work) challenge throughout May. The project is now in its 14th year and aims to motivate as many people as possible to switch to non-motorised transportation. It’s good for the individuals who take part, it also contributes to cleaner air and a healthier city in which to live and work. The Rezolv team’s results are laid out below. ⏬ Congratulations to everyone who played their part!   #dopracenakole #biketowork #PragueRelay #teameffort #teamwork

SolarPower Europe’s annual Global Market Outlook for Solar Power 2024-2028 was published just ahead of European Solar Day on 21 June, and it was an encouraging read, particularly for those of us with a focus on South Eastern Europe.   Here are some of the key highlights for this region:   🌞 Last year, 31 countries across the world installed more than 1GW of new solar capacity, three more than in 2022. Two of the new entrants on the list were Romania (1.5GW) and Bulgaria (1.2GW).   🏅 Romania makes the top 20 ranking of countries which is set to add the most solar PV capacity between 2024 and 2028 – entering the list in 19th place!   📈 The compound annual growth rate for solar additions in Romania in this period is 40%, the second fastest of the Top 20 countries (narrowly behind Saudi Arabia).   🌍 Market concentration in Europe is decreasing rapidly. In 2019, the top 10 markets installed 95% of solar capacity in the EU; the top 5 accounted for 78%. By the end of this year, the top 10 are estimated to account for 80% of the installed capacity while the top 5 will only cover 60% – a trend which is set to continue. This year, Romania and Bulgaria will contribute 3% and 2% of the EU total respectively.   Rezolv is very proud to be contributing to this positive trend through our two major solar projects – Dama Solar in Romania (https://lnkd.in/df3dFKag) and St. George in Bulgaria (https://lnkd.in/dM2DAXxk).   However, despite this progress, the targets are still 17% below the REPowerEU target, so more work is needed, and not just on solar – on wind energy as well. #EuropeanSolarDay #SolarPower #EnergyTransition #RenewableEnergy #cleanpower #sustainability #SEE