Italy's A2A inks 150GWh wind PPA with Rezolv Energy

Italian infrastructure developer A2A has signed a 7-year Virtual Power Purchase Agreement (VPPA) with Rezolv Energy, an independent power producer backed by Actis operating in Central and South Eastern Europe.

The agreement will see 150GWh of wind energy purchased from Rezolv’s VIFOR wind farm in Buzău County, Romania, enough to power about 73,000 households annually.

This is the sixth VPPA that Rezolv has signed since June and in total, Rezolv's concluded VPPAs equate to 460GWh per year.

The company claims this is more PPA capacity than any other developer has secured in South Eastern Europe.

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Alastair Hammond, CEO of Rezolv Energy, said: “Virtual Power Purchase Agreements are still a relatively new concept in South Eastern Europe but they are becoming an increasingly important facilitator of the energy transition. In this case, we can simultaneously contribute to decarbonisation objectives and help Romania meet its climate targets. It’s a win-win.”

Jaroslava Korpanec, partner, head of Central and Eastern Europe, Energy Infrastructure at Actis, commented: “The momentum around Rezolv’s VIFOR wind farm in Romania continues with yet another VPPA signing. Once again, this demonstrates the strong demand for clean, renewable energy that exists in the C&I market as businesses look to decarbonise and meet their net zero targets.”

The VIFOR wind farm will be situated close to the Carpathian Mountains. Phase 1 will instal 192MW in capacity with planned expansion to 461MW in phase 2.

Construction is scheduled to be completed within 18 months, with VIFOR coming onstream before the end of 2025.

The project is being developed by Rezolv – through its subsidiary First Looks Solutions.

Rezolv Energy has over 2GW of clean energy projects being prepared for construction in Southeastern Europe. These include the VIFOR wind farm, as well as the 1,044MW Dama Solar farm in western Romania, the 600MW Dunarea East & West Wind Farms in Romania’s Constanța County, and St. George, a 229MW solar project in north-eastern Bulgaria.