European Bank for Reconstruction and Development (EBRD) has committed new funds to the 156 megawatt (MW) Saint Nikola wind farm located in the Kavarna region of northeast Bulgaria.
The bank had provided EUR119 million (USD133.69 million) loan in 2008 for the construction of the project. The new EUR32 million (USD36.02 million) financing package, will refinance the remaining exposure on that loan and extend a new commitment of EUR16 million (USD17.97 million). The project became operational in the year 2010.
Country updates
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October 26, 2021
MET Renewables secures antitrust clearance for Eolica Bulgaria acquisition
The subsidiary of Swiss energy group MET, MET Renewables Holding, has secured approval from the Bulgarian antitrust authority for its plan to acquire Eolica Bulgaria. Commission for Protection...
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August 04, 2021
MET Group signs deal to acquire 60 MW Suvorovo wind project
Swiss-based energy company MET Group has signed a share purchase agreement with Spanish Grupo Enhol for a 60 MW wind park in Bulgaria. MET Group signed a share purchase agreement to acquire a 60 MW S...
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March 03, 2021
Enery Development to build 200 MW solar photovoltaic project in Chirpan
Enery Development, an Austrian renewable energy developer, is set to build a 200 MW solar photovoltaic project near the town of Chirpan in Bulgaria. The project will be built on about 140 hecta...
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February 10, 2021
MET Group finalizes acquisition of 42 MW wind project in Kavarna
MET Group has completed the acquisition of a 100% stake in Enel Green Power Bulgaria EAD, which owns a 42-megawatt wind park in Bulgaria. The 42 MW wind park located in North-eastern Bulgaria is now...
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November 27, 2020
MET Renewables submitted request for acquisition of Enel Green Power Bulgaria
Swiss-based MET Renewables has submitted a request to the Bulgarian Commission for the Protection of Competition (CPC) for the approval of its acquisition of 100% capital of Enel Green Power Bulgaria....
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