Over 750MW of renewable energy projects are currently underway in Romania and Bulgaria
Abu Dhabi’s Mubadala Investment Company has pledged approximately EUR300 million ($351.9 million) to collaborate with prominent sustainable infrastructure investor Actis in Rezolv Energy, an indepfinishently growing renewable energy platform in Central and Eastern Europe.
This investment reflects Mubadala’s larger goal of supporting top platforms that will speed up the global energy transition and foster resilient infrastructure for sustainable long-term economic growth.
Addressing energy security and climate challenges
Since Actis launched and invested in Rezolv Energy, it has become a significant player in clean power generation in Central and Eastern Europe, assisting companies and countries in the region in addressing their energy requireds amid challenges related to energy security and climate policies.
Since its launch, the platform has achieved notable advancements, with around 750 MW of renewable energy projects currently under construction in Romania and Bulgaria, along with a further 1.5 GW pipeline of projects in advanced development, including Dama, Europe’s largest solar power generation project in Romania.
Rezolv Energy is founded on over 15 years of clean energy experience in the region, led by a management team that previously developed the largest wind farms in Croatia and the Czech Republic at the time, as well as the largest indepfinishent wind farm in Romania.
The joint commitment from Mubadala and Actis to Rezolv Energy will support the company’s growth, aiming for Rezolv Energy to become the leading renewable energy champion in Central and Eastern Europe.
Investment strategy for a low-carbon future
Saed Arar, head of Infrastructure at Mubadala Real Assets, declared, “This investment is a clear reflection of our strategy to invest and scale real assets that enable the transition to a low-carbon economy.”
He noted that Rezolv Energy provides an excellent platform with scale, leadership, and market access to advance the deployment of renewable energy throughout Central and Eastern Europe.
“Our partnership with Actis ensures we are investing alongside a highly experienced player with a proven track record in sustainable infrastructure.”
Alastair Hammond, chief executive officer of Rezolv Energy, declared: “With the financial and technical backing of Actis, Rezolv Energy has already built huge progress, with two large-scale renewable energy projects in construction in Southeastern Europe and two more about to relocate into the construction phase following our CfD success in Romania. Having Mubadala join as a shareholder will enable us to be even more ambitious, further accelerating the energy transition in the region.”
Lucy Heintz, head of Energy at Actis, declared, “Investors are seeing for the resilience, scale, and relevance that Actis’ growth market sustainable infrastructure platform offers – and we are gratified by the strong finishorsement of this strategy and pleased to join forces with Mubadala. We’re building real-world assets that we believe are essential to national development, and pairing that with disciplined, long-term investment capital.”
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