Romanian energy regulator ANRE has issued the setting-up permit for the Dama Solar project in Arad County, completing the required authorization process. The permit allows developer Rezolv Energy to move into the financing, procurement and construction phase. The project is planned as a large-scale photovoltaic development.
Rezolv, backed by investment firm Actis, increased the project’s planned capacity after technical improvements and further optimization of its design. The development is expected to span more than 1,064 hectares. Rezolv schedules the project to enter commercial operation in 2028.
Dama Solar scope and battery storage plans
The Dama Solar project includes plans for a large-scale battery energy storage system. The storage is intended to support flexibility and market integration for the substantial solar capacity. Rezolv expects the completed plant to become the largest solar power facility in the European Union.
CfD support from Romania’s 2025 auction
Some of the project’s future electricity production will be supported through two contracts for difference (CfDs). The CfDs were awarded during Romania’s second CfD auction in 2025. The agreements are expected to provide long-term revenue visibility and improve bankability as construction approaches.
Financing timeline and EBRD discussions
The next major milestone is financial close, which Rezolv expects to achieve shortly. After financing is secured, the developer can proceed with construction and equipment procurement. Rezolv has also approached the European Bank for Reconstruction and Development (EBRD) regarding potential financing for the development.
The discussions highlight the capital scale required for a project of this size. Dama Solar is positioned as a test case for delivering very large-scale renewable generation while integrating substantial new capacity into Romania’s electricity system. Its combination of utility-scale solar, battery storage and CfD-backed revenues is part of the development’s structure.
