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

Partagez:

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.

TotalEnergies has been awarded a concession in the North Sea enabling the development of a 1GW offshore wind project, reinforcing its strategic presence in Germany.
With an annual increase of 14%, global offshore wind capacity now reaches 85.2 gigawatts, driven mainly by China, the United Kingdom, and Germany, while another 27.3 gigawatts are currently under construction.
Seabed exploration begins in Jammerland Bay to validate the placement of sixteen turbines and the cable corridor, the first tangible step before construction of the project led by TotalEnergies and European Energy.
RWE and Østermark Entreprenørforretning celebrate advanced construction of the operational building for Denmark's largest offshore wind farm, promising up to 60 permanent local jobs by 2026.
RWE and Amazon Web Services enter a strategic collaboration to supply renewable energy for data centres and accelerate digital capabilities within the global energy sector.
SSE Renewables inaugurated its first wind farm in Southern Europe in Chaintrix-Bierges and Vélye, with eight Siemens Gamesa turbines and an investment exceeding €30mn ($32.3mn).
The Astenn Avel consortium, led by Elicio and Q ENERGY, brings in VALOREM to bid for the 500 MW floating wind project planned off the coast of Southern Brittany.
The Canada Infrastructure Bank supports the construction of the Mesgi'g Ugju's'n 2 wind farm, co-owned by Mi'gmaq communities and Innergex, through a combined equity and debt financing package.
The first turbine of the Éoliennes Flottantes du Golfe du Lion project was assembled at Port-La Nouvelle, marking a major industrial milestone for Ocean Winds and its partners.
RWE inaugurated an onshore wind farm in Plounérin and Plounévez-Moëdec, featuring four turbines with a capacity of 14.7 MW, in partnership with the local SEM Lannion-Trégor.
The Moulins wind farm, made up of five turbines, was inaugurated on June 6 across three municipalities in the Douaisis region. It will generate €70,000 in annual tax revenue for local authorities.
Chinese firm SANY Renewable Energy enters Serbia through a 168 MW wind deal aimed at powering the local grid from 2028.
The Wedgeport Wind project led by Elemental Energy secures $97mn from the Canada Infrastructure Bank to install 12 turbines in southwest Nova Scotia.
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.
Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.
The contracts for the offshore wind farms of Fécamp, Saint-Nazaire and Saint-Brieuc have been amended to allow production shutdowns when electricity prices fall below zero on the market.
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).