Renewable energy developer Rezolv Energy has achieved a significant milestone by obtaining regulatory clearance for a colossal 229 MW solar power project in Bulgaria. This project, located in Silistra, northeastern Bulgaria, is poised to become the largest solar facility in the country. The company, backed by EUR 500 million from Actis, a global investor in sustainable infrastructure, aims to kickstart construction in the coming months, with commissioning scheduled for the second quarter of 2025.
Rezolv Energy is not only making waves in Bulgaria but is also making substantial strides in neighboring Romania. The company's minority partner in a Romanian investment recently acquired land for their 1.06 GW photovoltaic plant, expected to be the highest-capacity facility in Europe. The Dama Solar facility, located in Arad near the Hungary border, spans over a thousand hectares and is part of Rezolv's ambitious plans for clean energy in Central and South Eastern Europe.
Rezolv Energy's CEO, Alastair Hammond, expressed enthusiasm about these developments, stating, "These are exciting times in Bulgaria. Very large-scale projects like St. George will take the transition to the next level." With well over 2 GW of clean energy capacity in the pipeline, Rezolv Energy is playing a crucial role in driving the energy transition in the region.
As Rezolv Energy accelerates its clean energy projects, the race for the top position among photovoltaic facilities in Bulgaria and Romania intensifies. Other significant projects, including the Tenevo hybrid power project in Bulgaria and the Rătești PV plant in Romania, underscore the rapid growth of solar power in the Balkans.
Source: balkangreenenergynews.com