Dama Solar PV

pending

Rezolv Energy is a renewables developer and independent power producer (IPP) headquartered in Czechia. The Sponsor has established West Power Investments S.R.L. (Sponsor) acting as the Project Special Purpose Vehicle (SPV) and which is wholly owned by Rezolv Energy. The Sponsor seeks a loan of Euro 107 million from IFC to fund the construction and operation a large-scale photovoltaic (PV) power generation located in northern Arad County, Romania, within the administrative territories of Graniceri and Pilu communes (The Project). The Project comprises the design, construction, operation and eventual decommissioning of a ground-mounted solar photovoltaic installation together with associated grid connection infrastructure required to export electricity into the Romanian transmission system. The Project has an estimated installed DC capacity of 1.2 GWp. Electricity generated by the PV plant will be evacuated through a dedicated underground high-voltage infrastructure connecting the facility to the existing Nadab - Bekescsaba 400 kV overhead transmission line (OHTL) operated by Transelectrica S.A., the Romanian Transmission System Operator. The Project will be made up of the following principal components: (i) Ground-mounted PV module arrays installed on fixed mounting structures (metallic fixed substructures)(ii) Inverter stations converting direct current (DC) electricity into alternating current (AC)(iii) Internal medium-voltage electrical collection network(iv) Internal access roads and drainage infrastructure(v) Main Step-Up Substation (MSUS)(vi) 400 kV Interconnection Substation (ICS) “Graniceri”(vii) Approximately 3.5 km underground high-voltage cable between substations (viii) Control, telecommunication and SCADA systems. The development is structured as a phased implementation enabling progressive construction and commissioning while ensuring compliance with grid requirements and environmental permitting conditions.Land required for the Project and all principal components has been secured through voluntary transactions and servitude agreements. The Project does not require physical displacement of people or residential structures, and no involuntary resettlement or significant economic displacement is anticipated.Construction activities are expected to commence following Engineering Procurement and Construction (EPC) contract signing and Notice to Proceed (NTP), anticipated in Q3 2026 and the total construction phase will take approximately 2.5 years with commercial operation date (COD) envisaged in H1 2028.