The Italian company A2A active in the energy, water and environment sectors, has signed a 7-year Virtual Power Purchase Agreement (VPPA) with Rezolv Energy. The agreement provides for the purchase of 150 GWh per year of renewable energy, with the electricity generated by Rezolv’s VIFOR wind farm in Romania.
The renewable energy generated, which could power around 73,000 households annually, will help avoid almost 63,000 tonnes of CO2 emissions.
This is the sixth VPPA that Rezolv has signed since June. Together, the VPPAs that Rezolv has now concluded equate to 460 GWh per year.
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.”
Once operational, VIFOR will be one of Europe’s largest onshore wind farms. Close to the Carpathian Mountains and benefiting from exceptional wind yields, Phase 1 will install 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 – according to the highest international sustainability standards.
>> More information can be read at rezolv.energy