Financing wind in Montenegro,...

The landscape of renewable finance in Southeast Europe has undergone a profound transformation....

How Southeast Europe’s grid...

Wind development in Southeast Europe is accelerating at a pace unimaginable only a...

Serbia–Romania–Croatia: The new triangular...

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside...

The bankability gap in...

The transformation of Southeast Europe into a credible wind-investment region has been rapid,...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria, Saint Nikola...

Bulgaria, Saint Nikola wind farm achieved record production in January

Local subsidiary of US-based AES Corporation said that its 156 MW wind farm Saint Nikola, the largest such facility in the country, generated a total of 55,000 MWh of electricity in January, the highest monthly output since its commissioning in 2010.

The statement from AES Bulgaria said that the amount of electricity generated by the wind farm alone is enough to cover the needs of some 185,000 households. In addition, its coal-fired thermal power plant Galabovo produced 337.520 MWh of electricity in January, which is an 11 % increase year-on-year. The TPP and the wind farm jointly covered about 10 % of Bulgaria’s consumption in January.

In 1999, US AES Corporation purchased the majority stake in Bulgaria’s Maritsa East 1 power plant, subsequently renamed AES Galabovo in
2009. AES completed the full acquisition of the thermal power plant from Ireland’s Consolidated Continental Commerce Limited in 2005.

Saint Nikola wind park is located near the town of Kavarna on the Black Sea coast. It was built in 2009 and put into operation a year later. It has 52 wind turbines with power output of 3 MW each. The total investment in the project was 270 million euros, of which 198 million euros was provided by a bank consortium including the European Bank for Reconstruction and Development (EBRD), the International Financial Corporation (IFC) and UniCredit Bank.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Financing wind in Montenegro, Serbia, Croatia and Romania — why international lenders are returning to Southeast Europe

The landscape of renewable finance in Southeast Europe has undergone a profound transformation. A decade ago, lenders viewed the region with a degree of caution, shaped by fluctuating regulatory frameworks, limited track records, and the perceived fragility of local...

How Southeast Europe’s grid bottlenecks will reshape project valuation, offtake strategy and EPC designs by 2030

Wind development in Southeast Europe is accelerating at a pace unimaginable only a decade ago, yet the region’s grid infrastructure is straining under the weight of its own renewable ambition. Serbia is preparing for multi-gigawatt expansion, Romania is restarting...

Serbia–Romania–Croatia: The new triangular wind corridor — is Southeast Europe becoming Europe’s next Iberia?

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside Europe: strong resource, open land, grid-ready corridors, competitive auctions, and the steady inflow of international capital. Investors seeking scale, yield, and policy clarity migrated naturally towards...
Supported byVirtu Energy
error: Content is protected !!