Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria: Rezolv Energy...

Bulgaria: Rezolv Energy secures €90 million financing for St. George solar power plant

Rezolv Energy, supported by UK investment firm Actis, has secured up to €90 million in debt financing for the construction of the 225 MW St. George solar power plant in northeastern Bulgaria. The funding comes from the International Finance Corporation (IFC) and Raiffeisen Bank International. Set to be built on a former brownfield site at Silistra airport, the project will soon enter the construction phase, with completion expected in 2025.

Spanning 165 hectares, the St. George solar power plant will feature nearly 400,000 solar panels, generating over 310 GWh of electricity annually. This project is one of the largest solar initiatives in Bulgaria and has already established a 12-year virtual power purchase agreement (PPA) with Ardagh Glass Packaging-Europe.

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: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!