One of EU's largest wind farms is being built in Romania. Why not in Czechia?

Czech company Rezolv Energy is strengthening its position in renewable electricity generation in south-eastern Europe. With secured financing of €331 million, it will expand theVIFOR wind farm in Romania to a total installed capacity of 461 MW. This will make VIFOR one of the largest onshore wind farms in Europe.

The project, worth more than €800 million, will be capable of supplying electricity to more than 700,000 households once completed in 2027. We asked Rezolv Energy Managing Director Alastair Hammond about the project's progress.

Rezolv Energy recently announced that it had secured financing for the second phase of the VIFOR wind farm in Romania. The project will expand to a total installed capacity of 461 MW and will be one of the largest onshore wind farms in Europe. How significant is this milestone for your company?

In July, an agreement was concluded for additional project financing of up to €331 million to support the delivery of the second phase of the VIFOR project. Lenders from the first phase, under which debt financing of up to €291 million was secured, are also making a substantial contribution to the financing of this phase.