PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Actis launches Central and South Eastern Europe renewables platform

Actis, a global investor in sustainable infrastructure, has launched Rezolv Energy (Rezolv), an independent clean energy power producer focused on Central and South Eastern Europe.

Rezolv, the latest investment from Actis’ Energy 5 Fund, which represents $6 billion of investable capital, 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. This will include supermarkets, breweries, telecoms and other large businesses.

Rezolv aims to build a multi-gigawatt portfolio of wind, solar and energy storage. This will help companies and countries across the region meet their energy needs in response to energy security challenges and climate policies. It will take renewable energy projects from late-stage development through construction and into long-term operation.

At launch, 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.

Actis is also expanding its footprint into CEE with the hire of Jaroslava Korpanec as Partner and Head of Central and Eastern Europe, who will join the firm in September 2022 from Allianz Capital Partners (ACP) to lead Actis’ investment activity in the region.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured