Europe: Natural gas prices...

European natural gas prices have surged to an 18-month high, driven by fast-depleting...

SEE electricity market trends:...

In Week 06 of 2025, electricity prices across the South Eastern (SEE) European...

Romania: Natural gas prices...

On 10 February, natural gas prices on Romania's day-ahead market, operated by the...

Romania: Tuzla-Podisor gas pipeline...

The inauguration of the Tuzla-Podisor gas pipeline marks a significant milestone, with nearly...
Supported byClarion Energy banner
HomeSEE Energy NewsBulgaria: Renalfa secures...

Bulgaria: Renalfa secures €103 million funding for 237.6 MW hybrid solar project

Austrian renewable energy developer Renalfa IPP has announced the successful securing of €103 million in funding for its 237.6 MW hybrid solar project located in southeastern Bulgaria. The financing includes a €50 million commitment from the European Bank for Reconstruction and Development (EBRD), marking the bank’s first InvestEU-supported project in Bulgaria. Raiffeisen Bank International is also contributing €53 million to the project.

The Tenevo solar power plant, once completed, is expected to generate over 300 GWh of electricity annually, significantly contributing to carbon reduction efforts by cutting 250,000 tons of CO2 emissions each year. Additionally, the project plans to incorporate 250 MW of energy storage in the future.

This plant will be a milestone for Bulgaria, as it will be the first renewable energy project in the country with a capacity over 100 MW to sell its entire output directly to the open market, without relying on government support schemes or corporate power purchase agreements (PPAs).

Construction of the Tenevo solar power plant began in September 2023, with the facility slated for commissioning in early 2025. Renalfa IPP is a joint venture between Austria’s Renalfa Solarpro Group and the French renewable infrastructure fund RGreen Invest.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Natural gas prices surge to 18-month high amid depleting inventories and supply concerns

European natural gas prices have surged to an 18-month high, driven by fast-depleting gas inventories and concerns about future supply. In the first week of February 2025, TTF gas futures for March delivery rose significantly, surpassing €52/MWh. On Tuesday,...

SEE electricity market trends: Price surge, rising demand, and shifts in energy generation

In Week 06 of 2025, electricity prices across the South Eastern (SEE) European markets experienced a slight increase, influenced by higher demand, a reduction in wind energy generation, and a significant rise in TTF gas futures, which reached their...

Romania: Natural gas prices surge to highest level since December 2022

On 10 February, natural gas prices on Romania's day-ahead market, operated by the Romanian Commodity Exchange (BRM), spiked to over 90 euros/MWh, reaching the highest level since December 2022. The surge also saw a two-year record for transaction volume,...
Supported bySEE Mining News
error: Content is protected !!