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: Rezolv Energy...

Bulgaria: Rezolv Energy gets licence for 229 MW solar power plant

Rezolv Energy announced that the Energy and Water Regulatory Commission approved the business plan for the company’s 229 MW solar photovoltaic park project in Bulgaria.

The solar park is “financially viable and the owner has the necessary financing capabilities to complete it,” energy regulator found after a thorough assessment, Rezolv Energy said in a press release.

Construction of the facility, located in the Silistra municipality, will start in the upcoming months and it is scheduled to be fully operational by the second quarter of 2025. St George will be built on 165 hectares on the site of a decommissioned airfield and will be equipped with some 400,000 panels. It is expected to produce an average of 313 GWh of electricity per year, which will be undertaken by commercial and industrial entities through long-term power purchase agreements (PPAs).

In July 2023, Rezolv Energy acquired the rights to build the plant that is expected to be Bulgaria’s largest solar park.

“These are exciting times in Bulgaria. The ‘pause’ button was pushed on new renewables capacity for a decade leading up to 2022, but the energy transition is now well underway. Solar capacity increased by more than 80% last year, and corporate demand for clean power is developing just as quickly,” Rezolv Energy CEO Alastair Hammond said. He added that very large-scale projects like St. George will advance the next stage of Bulgaria’s transition to the next level.

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 !!