Rezolv Energy, an independent power producer backed by Actis, has acquired from the Monsson Group the rights to build and operate a 1,044 MW solar PV plant in Arad County in western Romania. The plant, which should generate 1.5 TWh/year, is in the late-stage development phase. Construction should start in the first half of 2023 and the project is expected to be online by 2025. The project will be connected to the 400 kV high voltage overhead lines in the area and will likely include a 135 MW battery storage system, capable of delivering electricity for 4 hours.
Solar accounts for 7% of Romania’s power capacity mix, with 1.4 GW (2021). Around 2.4 GW of solar projects are currently under development in the country.
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