Samsung completes sale of 43 MWp Bulgarian solar assets
Samsung, through its unit, Samsung C&T Corp, has completed the sale of its 43 MWp solar photovoltaic portfolio in Bulgaria to Germany's KGAL and Czechia-based Portanero Invest, a unit of Micronix Group.
The portfolio includes 15 MWp and 10 MWp solar projects located close to Vratsa in northwestern Bulgaria, three solar projects 4 MWp each and one of 2 MWp located close to the village of Letnitsa, in north-central Bulgaria, and a 4 MWp solar project located near the village of Veselinovo, in north-central Bulgaria.
The deal represents a total investment of EUR40 million (US$45.8 million). Raiffeisen Bank International (RBI) acted as financial sell-side adviser to Samsung.
Country updates
-
-
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...
Read more -
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...
Read more -
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....
Read more -
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'...
Read more -
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
