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Athens International Airport builds biggest photovoltaic-BESS plant

Athens International Airport (AIA) Eleftherios Venizelos completed its comprehensive energy makeover program. It is now operating a photovoltaic facility of 51.5 MW and a battery energy storage system of 82 MWh. It is the largest hybrid power plant of its kind within the premises of any airport in Europe and, reportedly, even the entire world.

At the same time, the Bucharest Henri Coandă International Airport is about to build 12.6 MW in peak PV capacity and a BESS of 17.9 MWh, in the first phase of a larger project.

Following European and global trends, airports in Southeastern Europe are introducing resource, waste and wastewater management systems. Energy is the largest segment of the decarbonization push. With the completion of its Route 2025 program, Athens International Airport Eleftherios Venizelos covered all its electricity needs with photovoltaics, becoming the only such airport in Europe.

In the groundbreaking project, the operator extended the existing solar power plant by 35.5 MW in peak capacity, reaching 51.5 MW, and added a battery energy storage system. The facility has 124 MWh in nominal capacity, of which 82 MWh is usable.

The hybrid system is the largest of its kind inside the fence of any airport in Europe, while the Greek press has even called it the largest in the world. Some of the world’s largest airports are set to follow soon. For instance, IGA Istanbul Airport is investing EUR 212 million in an external solar power plant of 199.3 MW, in Eskişehir.

Athens International Airport builds biggest photovoltaic BESS plant
Photo: Athens International Airport

Hybrid power plant to keep Athens International Airport at net zero through 2046

AIA’s PV-BESS plant will generate an estimated 88 GWh per year, which is equivalent to the consumption of 22,000 households. The storage system is only for self-consumption. Importantly, the hybrid system can cover the entire planned expansion up to 2046, when the concession period ends.

AviAlliance, which controls 50.2% of the public-private partnership, is a wholly-owned subsidiary of Public Sector Pension Investment Board (PSP Investments) from Canada. The government holds 25.6% through Superfund, officially Growthfund – The National Fund of Greece.

AIA launched Route 2025 six years ago, with the aim to cut net greenhouse gas emissions to zero by the end of this year. It compares to the 2050 net zero goal of the European airports sector.

The Route 2025 program was worth EUR 70 million

The investments totaled EUR 70 million. A significant portion was financed through loans from the European Union’s Recovery and Resilience Facility (RRF), the update adds.

Heat pumps have eliminated the need for natural gas in buildings at AIA in normal winter conditions. The electric vehicle fleet consists of 19 buses, 13 follow-me vehicles and 29 vans. A network of chargers also serves passenger cars.

“In the airport company, we operate on the basis of the principle that sustainability, and environmental responsibility in particular, are and will increasingly be prerequisites for what we call the social license to operate and grow,” said outgoing Managing Director of AIA Yiannis Paraschis.

Two airports in Romania receive EU funds for solar-BESS projects

As for other recent developments in the Balkans, operators of two airports in Romania received grants via the European Union’s Modernisation Fund for solar power plants with battery storage.

National Company Bucharest Airports (CNAB) signed a contract for RON 132.04 million (EUR 25.9 million) excluding value-added tax. It is for 12.6 MW in peak PV capacity and a BESS of 17.9 MWh at the Bucharest Henri Coandă International Airport in Otopeni.

The entire investment amounts to RON 176.9 million (EUR 34.7 million) excluding VAT. The Romanian state-owned company said it is the first phase of a project for 31.5 MW and 30 MWh overall, valued at EUR 55.7 million.

Bacău International Airport George Enescu will build a solar power plant of 1.25 MW and a BESS of 2.06 MWh. Bacău County Council will also provide support for the on-site project on 2.2 hectares, worth more than EUR 4.9 million.

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Athens International Airport builds biggest photovoltaic-BESS plant

Athens International Airport (AIA) Eleftherios Venizelos completed its comprehensive energy makeover program. It is now operating a photovoltaic facility of 51.5 MW and a battery energy storage system of 82 MWh. It is the largest hybrid power plant of its kind within the premises of any airport in Europe and, reportedly, even the entire world.

At the same time, the Bucharest Henri Coandă International Airport is about to build 12.6 MW in peak PV capacity and a BESS of 17.9 MWh, in the first phase of a larger project.

Following European and global trends, airports in Southeastern Europe are introducing resource, waste and wastewater management systems. Energy is the largest segment of the decarbonization push. With the completion of its Route 2025 program, Athens International Airport Eleftherios Venizelos covered all its electricity needs with photovoltaics, becoming the only such airport in Europe.

In the groundbreaking project, the operator extended the existing solar power plant by 35.5 MW in peak capacity, reaching 51.5 MW, and added a battery energy storage system. The facility has 124 MWh in nominal capacity, of which 82 MWh is usable.

The hybrid system is the largest of its kind inside the fence of any airport in Europe, while the Greek press has even called it the largest in the world. Some of the world’s largest airports are set to follow soon. For instance, IGA Istanbul Airport is investing EUR 212 million in an external solar power plant of 199.3 MW, in Eskişehir.

Athens International Airport builds biggest photovoltaic BESS plant
Photo: Athens International Airport

Hybrid power plant to keep Athens International Airport at net zero through 2046

AIA’s PV-BESS plant will generate an estimated 88 GWh per year, which is equivalent to the consumption of 22,000 households. The storage system is only for self-consumption. Importantly, the hybrid system can cover the entire planned expansion up to 2046, when the concession period ends.

AviAlliance, which controls 50.2% of the public-private partnership, is a wholly-owned subsidiary of Public Sector Pension Investment Board (PSP Investments) from Canada. The government holds 25.6% through Superfund, officially Growthfund – The National Fund of Greece.

AIA launched Route 2025 six years ago, with the aim to cut net greenhouse gas emissions to zero by the end of this year. It compares to the 2050 net zero goal of the European airports sector.

The Route 2025 program was worth EUR 70 million

The investments totaled EUR 70 million. A significant portion was financed through loans from the European Union’s Recovery and Resilience Facility (RRF), the update adds.

Heat pumps have eliminated the need for natural gas in buildings at AIA in normal winter conditions. The electric vehicle fleet consists of 19 buses, 13 follow-me vehicles and 29 vans. A network of chargers also serves passenger cars.

“In the airport company, we operate on the basis of the principle that sustainability, and environmental responsibility in particular, are and will increasingly be prerequisites for what we call the social license to operate and grow,” said outgoing Managing Director of AIA Yiannis Paraschis.

Two airports in Romania receive EU funds for solar-BESS projects

As for other recent developments in the Balkans, operators of two airports in Romania received grants via the European Union’s Modernisation Fund for solar power plants with battery storage.

National Company Bucharest Airports (CNAB) signed a contract for RON 132.04 million (EUR 25.9 million) excluding value-added tax. It is for 12.6 MW in peak PV capacity and a BESS of 17.9 MWh at the Bucharest Henri Coandă International Airport in Otopeni.

The entire investment amounts to RON 176.9 million (EUR 34.7 million) excluding VAT. The Romanian state-owned company said it is the first phase of a project for 31.5 MW and 30 MWh overall, valued at EUR 55.7 million.

Bacău International Airport George Enescu will build a solar power plant of 1.25 MW and a BESS of 2.06 MWh. Bacău County Council will also provide support for the on-site project on 2.2 hectares, worth more than EUR 4.9 million.

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Serbia’s EPS mulls using heat pumps at its hydropower plants

State-owned power utility Elektroprivreda Srbije intends to commission a study of the potential use of heat pumps at four hydropower plants in southwestern Serbia. The call lasts until February 10.

As technology advances, energy companies are increasingly turning to solutions based on renewable sources as well as combining them with existing systems that also don’t pollute, while emitting little to no greenhouse gases. Serbian state-owned Elektroprivreda Srbije (EPS) is heading in the same direction. It launched a tender for technical documentation – a study on the possibilities of deploying heat pumps in the structures of Limske hidroelektrane. It is a business unit operating four hydropower plants.

The aim is to improve the efficiency of the utilization of energy. Bids are accepted until February 10. Notably, the types of possible heat pumps isn’t determined.

With an estimated budget of RSD 3.8 million (EUR 32.400), the contractor will have 150 days to deliver the service.

Limske hidroelektrane, based in the town of Nova Varoš, has hydropower plants in the Lim river basin in southwestern Serbia. It is part of EPS’s branch Drinsko-limske hidroelektrane.

The contractor must propose a solution and calculate the energy efficiency and climate gains

The call is for a total of 2,450 square meters covered by climatization systems. The management building accounts for 1,300 square meters, and the rest is in the hydroelectric plants: Uvac, Kokin Brod, Bistrica and Potpeć, a machinery workshop and storage room.

EPS said the study needs to include an analysis of the current heat consumption, with an overview of available solutions for the use of alternative or renewable sources of heat or the improvement of existing systems. The goal is to increase energy efficiency and promote the utilization of renewable energy sources, the call reads.

The contractor would suggest a solution and outline the drop in greenhouse gas emissions. The task involves calculating the investment return period and delivering the list of regulations.

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Polat Enerji completes largest wind-BESS hybrid power plant in Turkey

Polat Holding’s joint venture with İş Enerji has received the license for the 12.8 MW battery energy storage system (BESS) integrated with its Ege wind power plant of 15.2 MW in western Turkey. It is the largest hybrid power plant of its kind in the country.

In cooperation with SolarToday Türkiye and iNOVAT, Polat Enerji reached another milestone in combining renewable energy plants with battery storage. The Ministry of Energy and Natural Resources of Turkey has issued an approval for its BESS with 12.8 MW in operating power and a capacity of 15.2 MWh.

The facility is integrated with the company’s Ege wind power plant. They are located in the Kemalpaşa district of Izmir province in the country’s west. It is Turkey’s first DRES, an acronym for a licensed wind-storage system, of 10 MWh or more. The companies pointed out it is also the first hybrid power project of its kind to receive incentives.

Polat Enerji’s BESS consists of four 3.8 MWh units manufactured by Contemporary Amperex Technology Co. Ltd (CATL) from China. In the second phase, the capacity will reach 28.2 MWh, according to the update.

In the second phase, BESS capacity will reach 28.2 MWh

Electricity from wind turbines will be stored and delivered to the grid to cover production imbalances and stabilize the system. The companies signed the agreement about the battery project in January.

Ege was built in 2015. The wind park consists of eight turbines, of which the last two were connected almost two years ago. It has 15.2 MW in nameplate capacity and a 13 MW connection.

Earlier this month, Polat Enerji won a 160 MW project at a wind power auction under Turkey’s YEKA support mechanism. The company is a joint venture of Polat Holding and İş Enerji Yatirimlari, each holding 50%. The latter is a subsidiary of Türkiye İş Bankası, the largest private sector bank in Turkey.

The ministry said today that the country’s wind power capacity reached 14.5 GW in November, out of 121.8 GW in total. There was 24.7 GW of solar power in operation.

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TotalEnergies sells half of 424 MW portfolio in Greece

Paris-based TotalEnergies agreed to divest of 50% of its 424 MW wind and solar portfolio in Greece. The sale to investment management firm Asterion Industrial Partners, part of a global savings strategy, values the assets at EUR 508 million.

Multinational energy giant TotalEnergies is proceeding with a plan from last year to raise cash through renewables divestment. The company said it closed the sale of 50% of its 424 MW renewables portfolio in Greece to Asterion Industrial Partners, headquartered in Spain.

The world’s biggest fossil fuel producers have been stepping back from a major green energy push, partly pressured by the weakening of oil prices over the past year and a half. In addition, TotalEnergies has doubled its debt in the first half of this year, to USD 26 billion, after several large acquisitions.

It prompted the launch of a savings strategy involving capital and operational expenditure and share buybacks. TotalEnergies said in September that it was selling 50% of its 1.4 GW photovoltaics portfolio in the United States to KKR for USD 950 million.

TotalEnergies earlier agreed to sell 50% of its PV portfolio in the US of 1.4 GW to KKR

The transaction in Greece, which concerns wind and solar power assets, values them at EUR 508 million combined, or EUR 1.2 million per MW.

The French company clarified that it retained a 50% stake and remained the operator of the power plants. It said it intends to offtake and market most of the electricity when their regulated tariffs expire.

“TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. To achieve its profitability objectives and share risks, TotalEnergies divests up to 50% of its interests in renewable assets, enabling the company to maximize the value of its portfolio,” the announcement reads.

Founded in 2018, Asterion Industrial Partners is an independent investment management firm focused on European infrastructure in the mid-market. With USD 10 billion under management, it invests in essential infrastructure across the energy, digital, utilities and mobility sectors.

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Leitwind drives energy independence across Balkans

Leitwind makes wind turbines from 250 kW to 3 MW, engineered to perform efficiently under the full range of wind conditions in Southeastern Europe, from the calm Aegean islands to the stronger continental winds of Serbia, Thrace, or the Danube basin.

The Balkans are entering a new phase of wind energy development — one defined not by the largest turbines, but by smart, flexible, medium-scale solutions. Countries including Greece, Romania, Bulgaria, Serbia, Montenegro, Albania, Bosnia Herzegovina and North Macedonia are rapidly expanding their renewable portfolios while facing grid constraints, curtailment risks, and the growing need for decentralized energy supply.

Industrial zones, coastal communities, and remote mountainous regions increasingly require reliable, locally controlled generation that fits their terrain, their infrastructure, and their energy autonomy goals.

As the only Italian manufacturer of megawatt-class wind turbines, Leitwind offers an engineering approach tailor-made for this landscape — delivering advanced Direct-Drive turbines that combine efficiency, durability, and resilience in even the most demanding environments.

Smarter engineering for tougher terrains

At the center of Leitwind’s technology is its Direct-Drive generator, which eliminates the gearbox entirely — removing the single most failure-prone component in conventional wind turbines.

With fewer mechanical parts, Leitwind turbines ensure:

  • Lower energy losses
  • Minimal maintenance requirements
  • Higher availability and longer operating life

These advantages are especially important in the Balkans, where wind projects often sit atop mountain ridges, on isolated plateaus, or along rugged coastlines. Leitwind’s portfolio — from 250 kW to 3 MW — is engineered to perform efficiently under the full range of regional wind conditions, from the calm Aegean islands to the stronger continental winds of Serbia, Thrace, or the Danube basin.

Leitwind’s engineering philosophy is simple and powerful: Simplify the mechanics. Strengthen performance. Maximize lifetime.

Empowering energy autonomy in industry

A new trend is emerging across the Balkans: industrial self-generation.

Manufacturers, logistics hubs, agricultural units, and food-processing facilities are increasingly adopting on-site energy production to protect against volatile energy prices and grid interruptions.

Leitwind’s medium-scale turbines (250 kW – 2.0 MW):

  • Enable self-generation directly at the point of consumption
  • Integrate seamlessly into microgrids
  • Support both grid-connected and stand-alone operation
  • Require low maintenance, an essential benefit for industrial sites
  • Offer compact footprints suitable for constrained areas

The result is a new level of operational resilience: companies produce clean, stable, low-cost electricity while simultaneously enhancing their environmental credentials.

Leitwind2025@michaelschweigkofler-104
Photo: Leitwind2025 @michaelschweigkofler-104

 

Hybrid and island systems: independence by design

In island regions, remote communities, and areas with weak grid infrastructure — found in Greece, Cyprus, Croatia, and Montenegro — Leitwind turbines are increasingly deployed within hybrid systems combining wind, solar, and storage.

These systems:

  • Create independent renewable microgrids
  • Stabilize energy supply, even under poor grid conditions
  • Reduce or eliminate diesel dependency
  • Lower curtailment by absorbing excess production
  • Ensure 24-hour renewable availability

Leitwind’s modular architecture allows easy transportation, installation, and maintenance — even in locations where access is limited or environmental conditions are harsh.

Revitalizing the Balkan wind fleet: a regional repowering imperative

Across the Balkans — including Greece — a substantial portion of the wind fleet consists of early-generation turbines, typically 500 kW to 1 MW, installed between the late 1990s and mid-2000s. After 20+ years of operation, these machines face escalating maintenance needs, reduced availability, and outdated control systems. Yet the sites they occupy remain among the most promising wind locations in the region, with valuable existing grid connections.

This landscape creates one of the most attractive repowering opportunities in Europe.

Leitwind’s Direct-Drive portfolio (250 kW – 3 MW) is engineered specifically to unlock this potential:

  • Higher AEP through optimized aerodynamics
  • Superior durability thanks to gearbox-free design
  • Reduced O&M costs and fewer mechanical interventions
  • Compliance with modern Balkan grid codes, including demanding voltage-ride-through and frequency-support functions
  • Re-use of existing infrastructure, where applicable, reducing investment costs and permitting complexity

At many Balkan sites, replacing a cluster of old 660 kW–900 kW turbines with one or two modern Leitwind units can double the energy yield, significantly improve local grid stability, and extend the lifetime of the park by 20–25 years.

For developers, EPCs, and investors, modernizing these sites is not simply a technical improvement — it is a strategic and highly profitable modernization step.

With its proven direct-drive technology, adaptable tower configurations, and strong field presence across Southeastern Europe, Leitwind stands as the ideal partner for repowering projects that deliver greater performance with far fewer turbines.

Powering a regional wind renaissance

From industrial microgrids to island hybrid systems and fleet-wide repowering, Leitwind is redefining how wind energy supports energy independence across the Balkans. Its technology directly addresses the region’s three critical energy pillars:

  • Efficiency, driven by Direct-Drive simplicity and aerodynamic optimization
  • Autonomy, through on-site energy generation and decentralized solutions
  • Resilience, enabled by hybrid integration and robust engineering

As the Balkans transition toward a cleaner, more decentralized, and more self-reliant energy landscape, Leitwind stands as a strategic partner and technology enabler — not merely supplying turbines, but powering long-term independence, reliability, and economic growth.

In a region where every kilowatt counts, Leitwind delivers not just wind turbines — but energy freedom.

For further inquiries, technical information, or commercial cooperation, write to [email protected] or call +39 0472 722 000.

Leitwind is part of HTI Group.

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OMV Petrom, CE Oltenia building solar parks of 550 MW in total

Coal land of Romanian state-owned CE Oltenia is undergoing transformation with the beginning of construction of four photovoltaic plants. The projects, which the company is conducting with OMV Petrom, are for 550 MW in combined capacity. In a separate partnership, with Tinmar Energy, 280 MW more is in development.

Almost four years after the European Union approved the grants from the Modernisation Fund and the start of negotiations between Complexul Energetic Oltenia (CE Oltenia) and OMV Petrom about a partnership, their four solar power projects of 550 MW in total peak capacity reached the construction phase. They would cover the equivalent of an estimated 410,000 Romanian households’ annual consumption, the update adds.

The largest integrated energy company in Southeastern Europe and Romania’s main coal power producer are building the photovoltaic systems in Ișalnița, Tismana, and Rovinari in the coal region in the counties of Dolj and Gorj. CE Oltenia and OMV Petrom expect the facilities to become operational next year.

OMV Petrom, CE Oltenia partnership receives first tranche of EU funding

Total investment is over EUR 400 million, with 70% financed through the Modernisation Fund. There are four joint ventures, in which the partners hold 50% each. Just this month, they received the first EUR 16 million, the announcement reveals.

The locations are on CE Oltenia’s coal land. They are aimed at partly substituting the power plants there, as Romania is heading for a coal exit by 2032.

“Through these projects, OMV Petrom reaffirms its commitment to a low-carbon energy future, contributing to Romania’s and the EU’s climate objectives. We are transforming a region with a long-standing tradition in coal-based energy into a renewable energy hub,” said Franck Neel, member of OMV Petrom’s Executive Board responsible for Gas and Power.

Ameresco and Sunel won three contracts together, and Turkey-based Girişim is in charge of the fourth one

Following tenders, contractors for the design and execution were picked in April. The consortium of United States–based Ameresco and Sunel is tasked with the projects Rovinari Est, Tismana 1, and Tismana 2. The latter company is registered in the United Kingdom, but its operational headquarters are in Athens, Greece. The capacity amounts to 460 MW.

Turkish company Girişim Elektrik is in charge of the fourth endeavor. The site is a slag deposit at the CE Ișalnița coal-fired power plant. Per earlier documentation, the contractors will operate the solar power systems for three years and transfer them to the owners.

Coal miners becoming PV installers

OMV Petrom said it is supporting the RenewAcad program in the nearby city of Târgu Jiu, where CE Oltenia is seated.

In the past two years, over 200 mining technicians have been retrained as photovoltaic system installers. The initiative is part of a broader effort. It involved training over 10,000 professionals for Romania’s energy transition, the company added.

Another 280 MW of solar power is in pipeline

CE Oltenia, also known as CEO, runs another four PV projects totaling 280 MW in planned peak capacity with its partner Tinmar Energy. They received 13 bids and the procedure is ongoing.

The partnership model is the same, and so is the share of investment that the Modernisation Fund covers. The locations are slag and ash deposits at coal plants Rovinari and Turceni, and external dumps Pinoasa and Bohorelu.

The fifth partnership between CE Oltenia and Tinmar is for a CCGT (combined-cycle gas turbine) power plant of 475 MW in Turceni. It is suffering heavy delays. The Modernisation Fund has approved a grant for 50% of the investment.

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Greek company Aktor sets up BESS subsidiary after entering LNG trade

Power storage services are the core activity of Aktor’s new subsidiary Aktor BESS, but it could also build and operate renewable electricity and natural gas–fired plants and enter trade and distribution. The company earlier formed a business with DEPA Trade for liquefied natural gas (LNG).

Greek infrastructure and renewable energy developer and operator Aktor Group has formally positioned itself in the rapidly growing sector of electricity storage. Last week it established a 100% subsidiary called Aktor BESS, with an initial EUR 80,000 in capital.

The firm operates under Aktor Renewables and the main activity is providing electricity storage services. Aktor is apparently aiming to tap into the rapidly growing demand for batteries in Greece amid crippling wind and solar power curtailments.

In addition, battery energy storage systems or BESS are becoming a necessity because of the strengthening cannibalization effect. Operators of photovoltaics and wind parks require more predictable production profiles to for cost-effective pricing. They need to bridge the gaps between peak production and peak demand as well, as subsidies are gradually expiring.

Aktor BESS can benefit from the rapidly growing demand for battery storage in Greece

The statute of Aktor BESS points to a range of possible secondary activities. They include the construction and operation of renewable electricity and natural gas–fired plants as well as power trade and distribution and the development of technical studies.

The BESS facilities can be of the standalone type or colocated with the parent company’s production assets. Aktor Group’s Chairman and Chief Executive Officer Alexandros Exarchou is also the head of the new firm’s three-member board.

The company earlier established a joint venture for LNG and gas trade with DEPA Commercial, which controls 40%. It is also known as DEPA Emporias (in Greek), DEPA Commerce and DEPA Trading.

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UAE’s Mubadala to invest EUR 300 million in Rezolv Energy

Mubadala Investment Company, a sovereign wealth fund of Abu Dhabi, has committed EUR 300 million to a joint venture with Actis that operates Rezolv Energy. The investment firm from the United Arab Emirates also owns a third of Masdar, which launched a partnership with Romania’s Hidroelectrica last year.

Independent renewable energy platform Rezolv Energy, active in Central and South Eastern Europe, is entering a new chapter.

Mubadala Investment Company, a sovereign wealth fund of Abu Dhabi, has committed EUR 300 million to a joint venture with Actis, which invests in sustainable infrastructure in emerging markets.

Rezolv has 750 MW under construction in Romania, Bulgaria

Approximately 750 MW in renewable energy projects under construction in Romania and Bulgaria are run by Rezolv Energy. The company, controlled by Actis, has 1.5 GW in advanced development. It includes Europe’s largest solar power project, Dama Solar in Romania. Notably, the start of construction is behind schedule.

“This investment is a clear reflection of our strategy to invest and scale real assets that enable the transition to a low-carbon economy. Rezolv Energy offers a great platform with scale, leadership, and market access to accelerate renewable energy deployment across Central and Eastern Europe. Our partnership with Actis ensures we are investing alongside a highly experienced player with a proven track record in sustainable infrastructure. Together, we are supporting the development of clean and reliable energy for industries and businesses while delivering long-term value for all stakeholders,” said Head of Infrastructure at Mubadala Real Assets Saed Arar.

Ambitions rising as Mubadala moves in

The management team of Rezolv Energy previously developed the largest wind farms at the time in both Croatia and the Czech Republic, and the largest independent wind farm in Romania, Fântânele-Cogealac-Gradina. Greek state-controlled Public Power Corp. (PPC) took over the facility a year ago.

Mubadala said its endeavor with Actis has the goal of seeing Rezolv Energy become the market-leading renewable energy champion in Central and Eastern Europe.

“With the financial and technical backing of Actis, Rezolv Energy has already made huge progress, with two large-scale renewable energy projects in construction in Southeastern Europe and two more about to move into the construction phase following our CfD success in Romania. Having Mubadala join as a shareholder will enable us to be even more ambitious, further accelerating the energy transition in the region,” said Chief Executive Officer of Rezolv Energy Alastair Hammond.

The European Commission approved four months ago the request to allow Mubadala to invest. The company also owns a third of Masdar, which last year agreed with Romania’s state-owned Hidroelectrica to establish a joint venture.

Private equity firm General Atlantic bought Actis in 2024.

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OX2 completes 99 MW wind farm in Romania, starts building another – for clients

Sweden-based OX2 installed the last turbine at Nala Renewables’ Green Breeze wind farm in Romania as the contractor for its former project. Earlier it launched the construction of the Ansthall Green Energy facility of 96 MW for HELLENiQ Energy, under a similar arrangement. The company has also bought three wind power projects in Romania, totaling 235 MW.

OX2 Romania, a subsidiary of Swedish OX2, completed the last wind turbine at the Green Breeze facility of 99.2 MW. Construction started just over one year ago. The company sold the project last year to Nala Renewables, but stayed on as a contractor.

It was the first project in the country for OX2, which entered it four years ago. The facility is in Galați county in eastern Romania. The Sweden-based firm will also be tasked with operating the wind park, consisting of 16 Vestas V162-6.2 MW machines.

The forecasted annual output is 312 GWh. It is equivalent to the electricity consumption of 51,000 Romanian households.

Nala Renewables claimed that Green Breeze would lower carbon dioxide emissions by 150,000 tons per year, per the United Nations Climate Change IFI Default Grid Factors. IFI stands for international financial institutions.

Apple recently expressed interest in buying electricity from Green Breeze under a long-term virtual power purchase agreement or vPPA.

Project pipeline in Romania expands by 235 MW

Earlier this month, OX2 said it acquired three wind power projects in Romania totalling 235 MW from Future Power. The sites are in Vaslui and Vrancea counties. OX2 boosted its portfolio in the country to more than 1.1 GW with the transaction.

It expects to commission the three facilities between 2028 and 2030, subject to permitting. OX2 also continues to develop additional wind projects in regions with strong wind resources including Constanța, Brăila and Galați.

The company has nine onshore wind projects under­ construction in Romania, 195 MW overall, and 766 MW in development, as well as 150 MW in solar and battery storage projects.

OX2 breaks ground for Ansthall wind farm after selling it to HELLENiQ Energy in August

Within an arrangement similar to the one with Nala Renewables, OX2 started building the Ansthall Green Energy wind farm of 96 MW in November. It is located in Galaţi, in the communes Scânteiesti, Fârţăneşti, Cuca, Schela, Cuza-Vodă, Pechea, Rediu and Slobozia-Conachi.

The wind farm is set to feature 15 Vestas V162 turbines of 6.4 MW, the largest in Romania so far. Rezolv Energy is installing the same kind in its giant project Vifor in Buzău.

HELLENiQ Renewables Romania, operating under HELLENiQ Energy, acquired the project from OX2 in August. The Greek company expects to put the facility into operation in 2027.

Total annual output is estimated at 309 GWh, equivalent to the electricity needs of 89,000 domestic households.

Earlier, OX2 signed a 12-year virtual power purchase agreement (PPA) with Koninklijke Ahold Delhaize, for 158 GWh per year. The future offtaker operates supermarket chains.

Headquartered in Stockholm, OX2 is owned by EQT, one of the world’s largest private equity firms.