Sustainable infrastructure investor Actis has launched a renewable-energy platform to target investments in Central and South Eastern Europe.
Actis, through the Actis Energy 5 fund, has launched Rezolv Energy, an independent clean energy power producer.
Actis said it has also appointed Jaroslava Korpanec as partner and head of Central and Eastern Europe, who will join the firm in September from Allianz Capital Partners.
Rezolv 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. Rezolv is expected to take renewable energy projects from late-stage development through construction and into long-term operation.
Actis said 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.
Lucy Heintz, partner and head of energy infrastructure at Actis, said: “This announcement is an exciting moment for Actis as we sign our first Energy Infrastructure investment in Central and South Eastern Europe, with the ambition of building and operating a market-leading renewable energy platform.”
Jim Campion, Rezolv’s CEO, said: “Our experience, combined with long-term investment from one of the world’s foremost energy investors, gives us the financial strength and experience to solve problems and accelerate large scale renewable projects across Central and South Eastern Europe.”
Alastair Hammond, Rezolv’s COO, said: “Our model creates benefits for both the end-users of power, but also the communities where power is generated.
“We are developing long-term investment programmes hand-in-hand with communities. This ensures a positive legacy nationally, as well as locally, from the growth of renewables.”
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