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A joint venture between Vienna‑based Renalfa Solarpro Group and French fund manager RGREEN INVEST has secured €315 million in HoldCo financing, led by the European Bank for Reconstruction and Development (EBRD).
The new solar generator in Oryahovo combines over 100,000 PV modules with 107 MWh of energy storage, supporting energy trading and strengthening Bulgaria’s power grid.
The battery storage system on Bulgaria’s Black Sea coast will enhance grid stability and renewable energy integration.
The portfolio includes several large-scale projects across Bulgaria with Sungrow`s battery energy storage system PowerTitan 2.0.
Bulgarian electricity trader Electrohold Trade is using software from Bavarian company The Mobility House to connect PV systems and battery storage with a combined capacity of 2.5 GWh.
Sigenergy brought together 300 energy professionals in Burgas, Bulgaria, to explore the future of commercial and industrial energy storage. A key highlight was the visit to the 20 MWh Malko Tarnovo project, powered by the company’s modular battery energy storage system.
The European Bank for Reconstruction and Development (EBRD) is lending up to €50 million to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria. A parallel financing facility of €53 million will be provided by Raiffeisen Bank International, making the total finance package €103 million.
In many countries in Central Europe, the market for large-scale battery storage is growing rapidly. The drivers are diverse, but there are still obstacles, as Eliza Stefan, Sales Manager BESS for Central & Eastern Europe, Jinko EES, points out.
Photovoltaics is picking up speed in Central and Eastern Europe. Poland is leading the way, but other markets such as Bulgaria, Romania and the Czech Republic are also developing dynamically. One challenge is the modernization and expansion of the grids.
The European Bank for Reconstruction and Development (EBRD) is making an equity investment of €15 million in Eldrive, a leading regional charging point operator in Bulgaria, Lithuania and Romania.
Eastern Europe is one of the new solar market champions. The organizers of Intersolar Europe 2024 are expecting a large number of visitors from this region.
Stationary battery manufacturer Hithium and solar project EPC provider Solarpro have announced a strategic partnership, with their first large-scale project to come in Bulgaria
Jinko Solar has delivered more than 220,000 Tiger NEO bifacial 72 modules to the 123 MW Verila Solar Power Plant in Bulgaria.
In 2022, Sunotec delivered photovoltaic projects with an output of around 2.3 gigawatts. 2022 turned out to be the most successful year in the company’s history, allowing the connection of more than 70 new solar parks to the grid thoughout Europe.
The construction of Bulgaria’s largest solar power plant is due to be completed by spring 2023. The new power plant, south of Sofia will generate green electricity with a capacity of 124 megawatts.
The German company Profine Energy is planning to build photovoltaic plants in northwest Bulgaria with an investment volume of over one billion euros.
Sens LSG has realized a 66 megawatt solar park with trackers in Bulgaria. An annual yield of around 100,000 megawatt hours is expected.
