Actis-backed Rezolv Energy has secured the final legal approval required to begin construction of its 1.2GW Dama Solar project in Arad County in the west of Romania.
The Romanian Energy Regulatory Authority (ANRE) has issued the solar PV project’s setting-up authorisation, following an increase in planned capacity from earlier designs through technological advances and optimisation.
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Located across more than 1,064 hectares in the Grăniceri and Pilu communes, Dama Solar is aiming to begin commercial operation in 2028. According to the firm, the project is set to become the largest solar PV plant in the European Union (EU) once commissioned. Construction is expected to begin after financial close.
The project is backed by two contracts for difference (CfDs) awarded by Romania’s Ministry of Energy in the country’s second CfD auction in 2025. Rezolv also plans to install a large-scale battery energy storage system (BESS) alongside the solar plant.
The project will include an 82-hectare nature reserve, which Rezolv said would be one of the largest private-led nature restoration initiatives associated with a solar project in south-east Europe.
Rezolv is currently progressing financing and procurement and expects to reach financial close soon, the company said.
The project was acquired from the Monsson Group in 2022, with the company then expecting it to feature 1.6 million solar panels and generate an average 1,500GWh of electricity annually.
Rezolv Energy was launched by Actis in July 2022, with co-investment from Mubadala, to develop renewable energy projects across central and south-east Europe. Headquartered in Prague, the company has a portfolio spanning solar and wind, including the 225MW St. George Solar Park in Bulgaria and two wind projects in Romania.
Econergy connects 59MW Iancu Jianu solar project in Romania
In other Romanian news, Israel-headquartered independent power producer (IPP) Econergy Renewable Energy has connected its 59MW Iancu Jianu solar PV project to the country’s electricity grid.
The project is Econergy’s fifth connected project in Romania, taking its connected and ready-to-connect capacity in the country to 743MW, alongside a further 861MW under construction. The company plans to gradually ramp-up power deliveries.
Econergy is also developing a 35MW/70MWh BESS at Iancu Jianu, which is expected to connect to the grid in the second quarter of 2027.
The BESS is part of Econergy’s broader strategy to co-locate storage with solar projects, targeting additional revenues from grid balancing, price arbitrage and peak-demand response.
Econergy operates across Romania, Italy, Poland, the UK, Germany, Spain and Greece, with a project pipeline of more than 12.5GW. Apart from Romania, its portfolio includes a 52MW operational solar project in Poland, and around 20MW of operational solar capacity in Italy, alongside larger development pipelines in these markets.
Last year, Econergy agreed to acquire a 100% stake in the 155MW Ratesti solar project in Romania from Nofar Energy through its subsidiary Econergy International in a €45.6 million (US$52.5 million) transaction.
