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    Rezolv Energy Acquires 51% Stake in Vis Viva Wind Farm in Buzau, Romania from Low Carbon


    September 9, 2022 - Marketline - Deals

     

      Deal In Brief

      Rezolv Energy, the clean power platform launched by Actis, has acquired a 51% stake in Vis Viva wind farm will be located south of Buzau, Romania from Low Carbon Investment Management Ltd. The total installed capacity of the farm will be 450 MW

      Once operational, it has the capacity to generate sufficient clean energy to power more than 272,000 homes, equivalent to Iai and Cluj-Napoca combined, with some significant capacity to spare. This quantity of clean energy would also avoid approximately 180,000 tonnes of CO2e each year

      The Vis Viva wind farm will benefit from the region’s exceptional natural wind resources, flat terrain and energy interconnection, making a significant contribution to the European Union’s environmental targets for 2030 and 2050 as the bloc seeks to expedite its transition to clean energy

      Low Carbon has been stewarding the Vis Viva project since 2020, when the investor first entered the transaction with local developers and Nero Renewables NV

      The two parties are teaming up to realise the Vis Viva project, located to the east of the Romanian capital of Bucharest. The Vis Viva wind farm is expected to reach financial close by H1, 2023.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Completed: 2022-09-07

      Deal Participants

      Acquirer (Company) Rezolv Energy
      Vendor (Company) Low Carbon Investment Management Ltd

      Deal Rationale

      % Acquisition 51%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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