- Rezolv Energy to build and operate the largest solar farm in Europe.
- The solar plant will have 1.6 million solar panels with a total capacity of 1,044MW.
Rezolv Energy has announced it has acquired the rights to build and operate what it claims will be the largest solar farm in Europe.
The solar plant, acquired from Monsson, will consist of around 1.6 million solar panels with a total capacity of 1,044MW and will be located in Arad County in western Romania.
It is expected to enter operation by 2025, generating enough clean electricity equivalent to powering more than 370,000 households.
The power will be sold to industrial and commercial users through long-term power purchase agreements (PPAs).
The project will also likely include a 135MW battery storage system that delivers electricity for four hours.
Jim Campion, Chief Executive of Rezolv Energy, said: “We are moving into a new era for renewable energy in Europe. Projects like this will give us the scale to provide highly competitive, subsidy-free clean power at a stable price for industrial and commercial users. It will also significantly contribute to Europe’s twin objectives of increasing energy independence and reducing net emissions to zero.”