- Rezolv Energy was launched earlier in 2022 by Actis and the Rezolv leadership team
- The plant will be covered by approximately 1.6 million new solar panels
- It is expected to be able to provide clean power for more than 370,000 households
Actis announced on Wednesday that its portfolio company Rezolv Energy has acquired the rights to build and operate a 1,044 MW solar photovoltaic plant in Arad County, Romania from Monsson Group. The plant is expected to be the largest of its kind in Europe according to Actis.
The plant is expected to be online by 2025 and to provide clean energy to over 370,000 households. It will be covered by approximately 1.6 million new solar panels and will be designed, constructed, and operated to the highest ESG standards, with an emphasis on integrating symbiotic agricultural activities on the site, according to Actis.
“This transaction illustrates the scale of Actis’ ambition to invest in the energy transition across the world in general and in the CEE region in particular,” said Jaroslava Korpanec, partner and head of Central & Eastern Europe at Actis. “This transaction follow’s Rezolv’s announcement in September to deliver a 450MW wind farm in Romania and we are working closely with Rezolv on further renewable energy investments which we hope to announce in early 2023.”
Actis is headquartered in London. It has a portfolio of approximately 100 companies with investments spanning over 50 countries. It invests primarily in energy infrastructure, long life infrastructure, digital infrastructure and real estate.
Rezolv Energy was launched earlier in 2022 by Actis and the Rezolv leadership team to turn renewable energy projects into long-term operations in aid of the energy transition. The company is headquartered in Prague.
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