In July 2022, Actis announced the launch of Rezolv Energy, an independent clean energy power producer, established to build a new era of sustainable power in Central and South Eastern Europe.
Rezolv, the latest investment from Actis’ Energy 5 Fund, which represents US$6bn of investable capital, will provide subsidy-free clean energy at a long-term, stable price for commercial and industrial users, and other off-takers, operating across the region. This will include supermarkets, breweries, telecoms and other large businesses.
Rezolv aims to build a multi-gigawatt portfolio of wind, solar and energy storage. This will help companies and countries across the region meet their energy needs in response to energy security challenges and climate policies. It will take renewable energy projects from late-stage development through construction and into long-term operation.
At launch, Rezolv has signed agreements to acquire development rights to two wind projects in the Central and South Eastern Europe region, with a combined capacity of 1GW. Construction contracts are expected to be awarded early next year, with the projects expected to be operational by 2025-26.
Rezolv is built on 15 years of clean energy heritage in the region. Its leadership team previously developed the largest wind farm at the time in both Croatia and the Czech Republic, and the largest independent wind farm in Romania.
As part of its strategy, Rezolv is also committed to upholding the very highest environmental, social and governance (ESG) standards. The company’s plan includes ensuring it leaves a lasting, positive legacy in each community where it invests and operates. Projects will adhere to best practice and international standards including the Equator Principles and the IFC’s Environmental and Social Performance Standards.