Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

Bulgaria: TPP Maritsa 3...

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

Bulgaria: Bobov Dol thermal...

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria: CWP suspends...

Bulgaria: CWP suspends part of EUR 610 million wind project 

Dobrotich Wind, a subsidiary of CWP Europe, announced it won’t build a planned wind park in its entirety. The total envisaged capacity was 519 MW.

Even though the Supreme Administrative Court of Bulgaria annulled the decision of the Municipality of Vetrino to impose a moratorium on wind power plants, Dobrotich Wind said it decided not to implement its project in the area in full scope. The firm, majority owned by CWP Europe, has been preparing for the last 15 years to build a wind farm in Vetrino and Valchi Dol, both in Varna province in the country’s east.

The latest version of the project was for 74 turbines, of which 24 would be installed in Vetrino. According to the project firm’s website, total capacity is estimated at 519 MW. However, it expects machines of up to 8 MW each to be available on the market.

In addition, it said it would seek no subsidies. The endeavor is valued at EUR 610 million.

Dobrotich Wind accused the Municipality of Vetrino of working against Bulgaria’s laws. The moratorium was adopted last year after negotiations on remuneration with the local authority and farmers failed.

Some protestors claimed that wind turbines cause cancer, and even plague, which the firm now called a campaign of disinformation and manipulation and sowing panic.

The firm pointed out that it would redirect the investments in programs benefitting the community to places where the project is supported. The delays and the reduction of the project led to “hundreds of millions in lost revenues,” it said and noted that it could seek damages in court.

However, Dobrotich Wind appealed to the municipal administration to change its stance, suggesting that the investment plans and socially responsible activities could then be resumed in full.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...

Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas,...

Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024. The company’s total revenues fell to...
Supported byVirtu Energy
error: Content is protected !!