Why is the telecoms industry amongst the fastest-growing sectors for renewable energy PPAs?
In the last article in this series, we took the first of several deep-dives we will be taking into industry sectors which are heavily impacted by the energy transition – and which are driving demand for renewable energy power purchase agreements (PPAs) in Central & South Eastern Europe.
Bekaert and Rezolv Energy sign 100 GWh wind Power Purchase Agreement in Romania
Bucharest, 4 July 2024: Rezolv Energy, the Actis-backed independent power producer in Central and Southeastern Europe, through their project subsidiary First Looks Solutions S.R.L., have signed a 10-year Virtual Power Purchase Agreement (VPPA) in Romania with Bekaert, a global leader in steel wire transformation and coating technologies.
T-Mobile Czech Republic, Slovak Telekom and CE Colo sign pioneering cross-border virtual Power Purchase Agreements with Rezolv Energy
Major deal will see the Deutsche Telekom companies buy 100GWh of clean power per annum for 12 years
The deal, the first cross-border virtual Power Purchase Agreements signed by Czech or Slovak companies, will enable the construction of the one of Europe’s largest onshore wind farms.
Rezolv Energy & Low Carbon hand Vestas EPC contract for VIFOR wind farm in Romania
Bucharest, 17 June 2024: Actis-backed Rezolv Energy and Low Carbon, through their project subsidiary First Looks Solutions S.R.L., have selected Vestas as the engineering, procurement and construction (EPC) partner for the first phase of the ‘VIFOR’ wind farm in Buzău County, Romania. Phase 1 will install 192MW in capacity, with planned expansion to 461MW in Phase 2.
Rezolv Energy & Low Carbon sign finance facilities for up to €291 million to build the VIFOR wind farm in Romania
Bucharest, 13 June: Rezolv Energy and Low Carbon, through their project subsidiary First Looks Solutions S.R.L., have secured finance loan facilities of up to €291 million to support the Phase 1 construction of the ‘VIFOR’ wind farm, a major project located in Romania.
What is driving the interest in PPAs that we are seeing from the automotive sector?
The first few articles in this series included some analyses of individual countries in Central and South Eastern Europe – specifically, Bulgaria, Romania and the Czech Republic.
Even more urgency is required to meet the 2030 emissions targets in Central & South Eastern Europe
In the first two parts of this series, we explained why Rezolv is investing in Bulgaria and Romania. We focused on the impact that the development of renewable energy will have on emissions and human health. We also outlined why the energy transition is necessary for long-term economic competitiveness.
The Czech Republic’s 2030 renewables target will only be achievable with rapid, widespread and coordinated policy change
In the third part of this series, we looked at the 2030 renewable energy and emissions reduction targets that are in place across Central and South Eastern Europe. We concluded that 2030 is not very far away and even more urgency is needed if there is a realistic chance of meeting them.
Why is Rezolv investing in Romania?
We recently kicked off this series of articles on the clean energy transition in Central & South Eastern Europe by answering the question: why is Rezolv investing in Bulgaria?
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