EBRD Supports Enery's Groundbreaking Solar Farm in Bulgaria

• The EBRD guarantees a loan for Enery's solar plant project in Bulgaria, supporting the country's renewable energy goals and phasing out coal-fired power generation.

The European Bank for Reconstruction and Development (EBRD) has agreed to guarantee a loan of up to EUR 25 million for Enery's large-scale solar plant project in Bulgaria. The loan, provided by UniCredit Bulbank, will be used for the construction and operation of the Tsenovo solar plant, which will add 112.5 MW of new solar capacity to the national grid. This project is the first greenfield renewable project financed under EBRD's risk-sharing framework. The Tsenovo project will help Bulgaria achieve its renewable energy targets and support its goal of phasing out coal-fired power generation by 2038.

Enery, a Vienna-based renewable energy company, has a portfolio of 312 MW of green energy assets, with 273 MW of operational renewable energy plants in central and eastern Europe. The Tsenovo solar plant is expected to generate 180 GWh of clean power, with a significant portion of its output directed to the regional market through direct and financial off-take solutions. The project is backed by the Three Seas Initiative investment fund.

How will the EBRD's loan guarantee support Bulgaria's renewable energy goals?

• The EBRD's loan guarantee will provide financial security for Enery's large-scale solar plant project in Bulgaria.
• The loan, provided by UniCredit Bulbank, will enable the construction and operation of the Tsenovo solar plant, adding 112.5 MW of new solar capacity to Bulgaria's national grid.
• This project is the first greenfield renewable project financed under the EBRD's risk-sharing framework, highlighting the bank's commitment to supporting renewable energy initiatives.
• The Tsenovo solar plant will play a crucial role in helping Bulgaria achieve its renewable energy targets and contribute to the country's goal of phasing out coal-fired power generation by 2038.
• Enery, a Vienna-based renewable energy company, has an impressive portfolio of 312 MW of green energy assets, with 273 MW of operational renewable energy plants in central and eastern Europe.
• The Tsenovo solar plant is expected to generate 180 GWh of clean power, making a significant contribution to Bulgaria's renewable energy generation.
• A substantial portion of the plant's output will be directed to the regional market through direct and financial off-take solutions, further supporting the growth of renewable energy in the region.
• The project is backed by the Three Seas Initiative investment fund, demonstrating the collaboration and support from multiple stakeholders in advancing renewable energy goals in Bulgaria.