EBRD finances EUR32 million for St Nikola wind farm in Kavarna

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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. 

List of the country updates

Country updates

  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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....

    Read more

Share this update