Bekaert and Rezolv Energy sign agreement for 100 GWh in Romania

Bekaert and Rezolv Energy have signed a virtual power purchase agreement (VPPA) for 100 GWh per year in Romania, one of the largest in the region.

Share:

Bekaert et Rezolv Energy signent un accord pour 100 GWh en Roumanie.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Bekaert, a world leader in steel wire processing and coatings, and Rezolv Energy, an Actis-supported independent power producer in Central and South-Eastern Europe, have recently signed a virtual power purchase agreement (VPPA) in Romania. This 10-year contract, carried out via their project subsidiary First Looks Solutions S.R.L., represents one of the largest agreements of its kind in the region. Bekaert will purchase an additional 100 GWh of renewable energy per year, strengthening its renewable energy supply.

VIFOR Project details

The energy will come from the 461 MW VIFOR wind farm developed by Rezolv Energy and Low Carbon in Buzău County, Romania. Once operational, the wind farm will be one of the largest onshore wind farms in Europe. The first phase of the project will add 192 MW of capacity, with a planned expansion to 461 MW in phase 2. Construction should be completed within 18 months, with commissioning scheduled before the end of 2025.

Economic and energy impact

The project will play a key role in diversifying the region’s energy mix, traditionally dominated by fossil fuels. By increasing renewable energy production capacity, this agreement helps to secure a stable, long-term energy supply for Bekaert. It also illustrates the growing importance of renewable energies in the energy strategies of major industrial companies.

Outlook for Bekaert and Rezolv Energy

Michael Hamilton, vice-president of commodities at Bekaert, said the agreement strengthens their energy portfolio and demonstrates their strategy of integrating renewable energy sources into their operations. Alastair Hammond, CEO of Rezolv Energy, added that this agreement facilitates the realization of the first phase of the VIFOR project, meeting the growing demand for clean energy from businesses. This agreement between Bekaert and Rezolv Energy represents a significant step forward in securing renewable energy supplies for industry, while supporting both companies’ strategic energy diversification objectives.

CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.
Elawan Energy secured two wind power projects totalling 92MW in Romania through a long-term public contract, strengthening its presence in the region with operations scheduled to begin in 2028.
A study conducted in the Gulf of Lion highlights the risk of collisions between migratory birds and floating wind turbine blades, as the region prepares to host 19 additional turbines by 2031.
Taaleri Energia’s SolarWind III Fund partners with Lords LB Asset Management to develop a 112 MW onshore wind project in Smiltene, scheduled for commissioning in early 2027.
The Dinawan Wind Farm project, first phase of a 1.3 GW energy hub, was selected in the fourth tender round of the Capacity Investment Scheme launched by the Australian Government.
RWE has completed construction of the Kail wind farm, comprising three turbines totalling 12.9 MW, marking its first commissioning in Rhineland-Palatinate.
Ignitis Group has officially submitted its bid to develop a 700 MW offshore wind project in the Baltic Sea, under a Lithuanian state-supported tender scheme.
Ignitis Renewables acquires the remaining stake from Ocean Winds in the Curonian Nord project, securing full ownership of this strategic development in the Baltic Sea.
Chinese manufacturer Ming Yang plans to build the UK’s largest wind turbine facility in Ardersier, with an initial £750mn investment and up to 1,500 jobs created by 2028.
German wind turbine manufacturer Nordex secured 2,170 MW in new orders between July and September, bringing its total volume to 6.7 GW over nine months.
Faria Renewables a finalisé l’acquisition de deux projets éoliens d’une capacité cumulée de 30,8 MW, consolidant son portefeuille d’actifs en Grèce et poursuivant son expansion stratégique sur le marché national.
Google has signed a power purchase agreement with Eneco to supply its Belgian data centre with wind energy from three wind farms totalling 54 MW.
Italian group Dolomiti Energia secures €200mn loan from the European Investment Bank to finance wind farms and modernise power infrastructure in two strategic regions of the country.
Wpd launches a crowdfunding campaign to support the construction of the Bréhand wind farm, aiming to raise €400,000 from residents with a fixed annual interest rate of 7%.
Danish group Orsted will cut a quarter of its workforce by 2027 and reduce its exposure to the United States, relying on a $9.4 billion recapitalisation to consolidate its development in Europe and Asia.
Developer Gwynt Glas enters development phase after signing a lease agreement with The Crown Estate, paving the way for a 1.5GW floating offshore wind project in Welsh waters.
From January 2026, the southern Polish city of Sosnowiec will power its municipal institutions entirely with renewable electricity under a public contract awarded to local provider Hekla Energy.
VSB France begins construction of its largest onshore wind project, a strategic 39.9 MW investment across two municipalities in Calvados, with commissioning scheduled for 2027.
Shell U.S. president stated that cancelling fully permitted wind projects severely undermines investor confidence in the energy sector.
TotalEnergies could bring EDF into the Centre Manche 2 offshore wind project after RWE’s planned withdrawal, strengthening the industrial and financial prospects of the two neighboring parks scheduled for 2032.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.