Rezolv Energy has secured up to 367 million euros in project financing for its 292.5-megawatt Dunarea East wind farm in Constanta County, south-eastern Romania, the developer said on Friday 6 November, Rezolv Energy announced.

The financing is provided by six lenders — Societe Generale, Erste Group Bank, Raiffeisen Bank International with Raiffeisen Bank S.A., Mizuho Bank Europe, HYPO NOE Landesbank and the European Bank for Reconstruction and Development — and is supported by Denmark's Export and Investment Fund. The EBRD is lending up to 31.9 million euros to Midmar Callatis, Rezolv's project company, backed by a 7.6 million euro first-loss guarantee from the EU's InvestEU programme.

Power for about 600,000 people

Once built, Dunarea East is expected to generate 673 gigawatt-hours of renewable electricity a year, enough for around 600,000 people, and to cover about 4 percent of Romania's 2030 onshore wind capacity target. Its output is underpinned by a Contract for Difference covering 211 megawatts, awarded in Romania's second CfD auction in 2025, and a corporate power purchase agreement with food retailer Ahold Delhaize, reNews.biz reported.

Construction will proceed after financial close, with commercial operation expected in early 2029. It is Rezolv's fourth major financing in Romania, taking its total senior debt for renewable projects in the country to up to 1.55 billion euros. Its 461-megawatt VIFOR wind farm's first 192-megawatt phase entered commercial operation in October 2026.