Rezolv Energises First 192MW Phase of Romania’s VIFOR Wind Farm

Rezolv Energy has switched on the first 192 megawatts of its VIFOR wind farm in Buzău County, Romania, bringing 30 Vestas turbines onto the national grid and marking the first phase of what is planned to become one of the largest single onshore wind projects built in the country this decade. The developer, backed by investment firms Actis and Mubadala, said a second 269 MW phase is due to follow in 2027, taking the completed project to 461 MW.

Thirty turbines, one grid connection

Phase one of VIFOR consists of 30 Vestas V162 turbines, each rated at 6.4 MW, mounted on 166-metre towers with 162-metre rotor diameters — among the larger onshore turbine models currently being deployed in Southeastern Europe. Vestas supplied the turbines and also acted as engineering, procurement and construction contractor for the phase, a combined role that has become increasingly common on European onshore projects as developers look to consolidate technical and construction risk with a single counterparty.

How the project is being paid for

The first phase was financed with up to €291 million (about $327.4 million) from a consortium of eight lenders led by Erste Group, UniCredit Group and the European Bank for Reconstruction and Development, alongside the International Finance Corporation, Intesa Sanpaolo, OTP Bank, Raiffeisen Bank International and Garanti BBVA Romania. Rezolv has already lined up roughly €331 million for the second phase from largely the same group of lenders, suggesting the financing relationships built around phase one are being reused rather than renegotiated from scratch — a pattern that tends to speed up financial close on sequential project phases.

Corporate buyers, not just the grid operator

Rather than selling purely into the wholesale power market, Rezolv has signed six long-term power purchase agreements covering more than 350 gigawatt-hours a year, with corporate offtakers including T-Mobile Czech Republic and Belgian industrial group Bekaert. That mirrors a broader shift in Central and Eastern European wind development, where corporate PPAs have become a standard way for developers to secure predictable revenue without depending entirely on Romania’s green-certificate and contract-for-difference support schemes — part of the same investor appetite for de-risked renewables cash flows that has also drawn utilities like New York’s state power authority into taking direct equity stakes in solar projects rather than simply buying their output. Rezolv estimates the full 461 MW project will generate enough electricity for more than 270,000 homes a year and avoid around 540,000 tonnes of carbon dioxide-equivalent emissions annually once both phases are running.

Romania’s wind sector is coming out of a long lull

VIFOR’s first phase alone is roughly 60% the size of all the new wind capacity Romania added in the whole of 2025, when the country installed only about 330 MW nationally after a multi-year stretch of weak growth that followed its early-2010s wind boom. Romania ended 2024 with roughly 3,150 MW of installed wind capacity, and the government’s own planning envisions that figure roughly doubling to around 6,100 MW by 2030 under the national energy and climate plan. A single project the size of VIFOR’s two phases — 461 MW — would on its own account for close to 15% of that targeted growth, underlining both how far behind pace the country’s wind buildout has fallen and how much weight individual large projects like this one now carry in meeting the 2030 target. Rezolv chief executive Alastair Hammond described VIFOR as “the start of a new era for wind energy in Romania,” a framing that reflects how concentrated the country’s near-term wind growth has become in a small number of large-scale projects rather than the broader base of mid-sized developments seen in the 2010s.

Sources

• Power Technology, “Rezolv energises 192MW phase one of Romania’s VIFOR wind farm,” October 5, 2026 — used for turbine specifications, financing figures, lender names, offtake agreements and the CEO quote.
• Romania-Insider.com, “Rezolv energises first 192 MW phase of VIFOR wind farm in Romania” — used to corroborate the capacity figures, turbine count and project timeline.

Illustrative image. Photo: Renée Kools, CC BY 4.0, via Wikimedia Commons — source