Rezolv Energy has secured financing of up to €561 million for its 1.3 GW Dama Solar development in western Romania. The funding is intended to enable the project to move into construction ahead of planned commercial operation in the second half of 2028. The project is located in Arad county.
Development of the solar plant is carried out through West Power Investments. The facility is expected to occupy more than 1,000 hectares. Expected annual generation is approximately 1,800 GWh, equivalent to around 36% of Romania’s solar output in 2025.
Contracts for difference and corporate power purchase agreement
Romania’s second CfD auction awarded two contracts for difference covering a total of 520 MW. Those CfDs are described as providing a contracted revenue base for the project. In addition, a separate long-term corporate power purchase agreement is expected to provide further contracted income.
The financing package is reported as Rezolv’s largest to date. It exceeds the €291 million and €331 million arranged for the two phases of its Vifor wind project. It also surpasses the €90 million financing for Bulgaria’s St. George solar plant.
Next steps toward 2028 operation
Engineering, procurement and construction contractors are expected to be announced shortly. With funding secured, the focus shifts to construction execution tied to the planned operating timeline in 2028. The CfDs and the corporate power purchase agreement are described as providing revenue support.
Timely delivery remains necessary to bring the planned output to market.
