Actis launches central and south-eastern Europe renewables platform

• Rezolv Energy is an independent clean energy power producer
• The investment is Actis’ first in central and south-eastern Europe
• Rezolv aims to build a portfolio of wind, solar and energy storage

Actis on Wednesday announced the launch of Rezolv Energy, an independent clean energy power producer. Rezolv represents $6 billion of investable capital.

Headquartered in Prague, Czechia, the new platform will provide subsidy-free clean energy at a long-term, stable price for commercial and industrial users, including supermarkets, breweries, telecoms and other large businesses. Rezolv seeks to build a multi-gigawatt portfolio of wind, solar and energy storage and take renewable energy projects from late-stage development through construction and into long-term operation.

At launch, Rezolv has signed agreements to acquire development rights to two wind projects in central and south-eastern Europe.

London-based Actis is expanding its operations in CEE with the recent hire of Jaroslava Korpanec as partner and head of Central and Eastern Europe, who will join the firm in September.

“This announcement is an exciting moment for Actis as we sign our first energy infrastructure investment in central and south-eastern Europe, with the ambition of building and operating a market-leading renewable energy platform,” said Actis’ head of energy infrastructure, Lucy Heintz. “Our investment in the region strongly aligns with our strategy to build sustainability leaders where we find opportunities to support the energy transition, especially important as energy security needs drive faster adoption of renewable energy.“

“Rising energy costs, heightened security concerns, demand to meet climate targets, and stakeholder expectations, are causing a rethink on energy usage – and production,” commented Jim Campion, CEO at Rezolv. “Today, private companies, as well as public utilities, are finding their traditional reliance on fossil fuels far less viable. Renewable sources of energy are ready to take the lead and Rezolv has been created to accelerate the energy transition.”