Bekaert and Rezolv Energy sign agreement for 100 GWh in Romania

Bekaert, a global leader in steel wire processing and coatings, has signed a virtual power purchase agreement (VPPA) with Rezolv Energy, an Actis-supported independent power producer in Central and South-Eastern Europe. This 10-year contract, executed through their project subsidiary First Looks Solutions S.R.L., is one of the largest VPPAs in the region. Bekaert will acquire an additional 100 GWh of renewable energy annually, enhancing its renewable energy portfolio.

The energy will be sourced from the 461 MW VIFOR wind farm, developed by Rezolv Energy and Low Carbon in Buzău County, Romania. Upon completion, this will be one of Europe’s largest onshore wind farms. The project’s first phase will add 192 MW of capacity, with a planned expansion to 461 MW in the second phase. Construction is expected to conclude within 18 months, with commissioning slated for late 2025.