The 156 MW Saint Nikola, developed by a joint venture between AES and the Geo Power company, has extended the duration of unplanned outage to February 6, 2019, which was initially planned to be resolved by January 21. The plant was left with 56 MW of unavailable capacity on December 28, 2018.
The EUR270 million (US$332 million) project is located in Kavarna, on the Black Sea coast of Bulgaria. The facility consists of 52 turbines of 3 MW each. It was built in 2009 and commenced operations in 2010.
The wind park produced 318 GWh of electricity in 2018, down from 353 GWh in 2017.
A bank consortium including the European Bank for Reconstruction and Development, the International Financial Corporation and UniCredit Market & Investment Banking have provided the project with a EUR198 million (US$227 million) investment.
Country updates
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January 31, 2019
AES Geo Energy extends unplanned outage of Saint Nikola wind project in Kavarna
AES Geo Energy, a joint venture of AES Corporation and the German company, Geo Power, has extended the unplanned outage of its 156 MW Saint Nikola wind project in Kavarna. The develop...
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December 21, 2018
Portanero Invest and KGAL to acquire 7 solar projects from Samsung C&T
Portanero Invest and KGAL ESPF 4 Holding were allowed by the government of Bulgaria, the Commission for Protection of Competition, to acquire the Samsung C&T Corporation's 7 pho...
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November 05, 2018
Akuo Energy completes acquisition of 63 MW hydropower portfolio in Bulgaria
Akuo Energy has completed the acquisition of CHB, a portfolio of four active hydroelectric plants in Bulgaria with an installed capacity of 63 MW. The portfolio was purchased from EDF Renewables....
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September 17, 2018
Inercom Bulgaria divests PV assets to win approval for deal with CEZ
The owner of Bulgaria’s family-owned Inercom Group, Ginka Varbakova, has divested several assets in photovoltaic power operations in order to save the deal with Czech CEZ'...
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March 09, 2018
The government of Bulgaria has requested a controlling stake in the assets to be sold, given the doubt across the political and public sphere of Inercom's ability to handle them
The government of Bulgaria has requested a controlling stake in the assets to be sold, given the doubt across the political and public sphere of Inercom's ability to handle them. CEZ has announced that it has agreed with Inercom to study the possibility of the Bulgarian state taking a stake in the assets
