Project Notice |
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| PNR | 62088 |
| Project Name | Tenevo Solar PV |
| Project Detail | Location: Bulgaria Project number: 54884 Business sector: Energy Notice type: Private Approval date: 12 Jun 2024 Status: Exploratory PSD disclosed: 07 May 2024 Up to EUR 50 million senior secured loan to Tenevo Solar Technologies EAD (Tenevo Solar, or the Company), a project entity registered in Bulgaria. The loan will be dedicated to the construction and operation of a solar PV plant with capacity of 238 MWp in south-eastern Bulgaria (the Project). The Project is expected to generate around 332 GWh of electricity a year. The EBRD loan is expected to be approved fully or partially under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). Project Objectives The Project will contribute to climate change mitigation and the Bulgarian green energy transition by adding 238 MW of solar generation capacity to the Bulgarian national energy system. The Project will also be the first sizeable long term project finance of renewable energy projects on a purely merchant structure in Bulgaria. It will also strengthen the private sector presence in the renewable energy sector in Bulgaria. The Project also has a long-term plan to add on a 250MW capacity of behind-the-meter energy storage. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Energy & Power |
| Country | Bulgaria , Eastern Europe |
| Project Value | BGN 161,700,000 |
Contact Information |
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| Company Name | TENEVO SOLAR TECHNOLOGIES EAD |
| Address | Kalina Stefanova-Pelovska, Elena Markova kpelovska@renalfa.com, em@ewe.dk |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/54884.html |
