Romanian energy regulator ANRE has issued the setting-up permit for the Dama Solar project in Arad County, completing the required authorization process. The permit allows developer Rezolv Energy to move into the financing, procurement and construction phase. The project is planned as one of Europe’s largest photovoltaic developments.
Rezolv, backed by investment firm Actis, increased the project’s planned capacity after technical improvements and further optimization of its design. The development is set to cover more than 1,064 hectares. Rezolv expects Dama Solar to enter commercial operation in 2028.
Project scale and battery storage plans
The project includes plans for a large-scale battery energy storage system. The storage component is intended to support flexibility and improve market integration for the substantial solar capacity. Rezolv expects the completed plant to become the largest solar power facility in the European Union.
CfD support from Romania’s 2025 auction
Part of the future electricity production from Dama Solar will be supported through two contracts for difference (CfDs). The CfDs were awarded during Romania’s second CfD auction in 2025. The agreements are expected to provide greater long-term revenue visibility and improve bankability as the project advances toward construction.
The next major milestone is financial close, which Rezolv expects to achieve shortly. After 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, citing the capital scale required for a project of this size.
Role in integrating new renewable generation
Dama Solar is positioned as a test of Romania’s ability to deliver very large-scale renewable projects while integrating substantial new generation into the electricity system. The combination of utility-scale solar, battery storage and CfD-backed revenues is part of the project’s structure as it moves through its next stages.
