Rezolv closes €561m financing for the 1.3 GW Dama solar plant in Romania

Victoria Shinder01 October 2026, 07:111 min read

Rezolv Energy, an independent power producer based in Prague, has signed a financing package of up to €561 million for its 1.3 GW Dama solar project in Arad county in western Romania, pv magazine reports. The company says the plant will be the largest onshore renewable energy project in the European Union, and that the deal is its largest transaction to date.

Dama is expected to generate about 1.8 TWh a year once fully operating. Rezolv puts that at around 36% of Romania's total solar generation last year, and at the consumption of more than 280,000 households.

The money comes from 14 lenders. The European Investment Bank is the anchor investor, alongside ten commercial banks, the European Bank for Reconstruction and Development, the International Finance Corporation and the Black Sea Trade and Development Bank.

The revenue side is part public, part private. Two contracts for difference awarded in Romania's second renewables auction cover 520 MW of the capacity, and the company has a corporate power purchase agreement with an offtaker it has not named. Romania's energy regulator granted the final legal approvals last month, and with financing closed the project moves into construction. Commercial operation is expected in the second half of 2028.

The plant lands in a market that is already growing quickly: Romania's cumulative solar capacity exceeded 8.5 GW at the end of July.

Why it matters

Contracts for difference on 40% of the output, plus a corporate PPA, is the structure that brought development banks and ten commercial lenders to the table for a single 1.3 GW site. Grid connection and curtailment at that size in one county will be the test the financing does not settle.