Karadzhalovo Solar Park
The Karadzhalovo Solar Park is a 60.4 megawatt (MW) solar farm, the largest in Bulgaria. It has 214,000 photovoltaic panels,[1] and cost 350 million Bulgarian lev[2] (approximatively $248 million).[3] It has been completed in March 2012 after 4 month of construction.[2]
| Karadzhalovo Solar Park | |
|---|---|
| |
| Country | Bulgaria |
| Location | Karadzhalovo Parvomay Municipality |
| Coordinates | 42°06′17″N 25°19′18″E |
| Status | Operational |
| Commission date | March 2012 |
| Construction cost | BGN 350 million (around $248 million) |
| Owner(s) | ACF Renewable Energy |
| Solar farm | |
| Type | Flat-panel PV |
| Power generation | |
| Units operational | 214,000 |
| Nameplate capacity | 60.4 MW |
Financing
The total project cost amounting to 181.4 million in Euro was financed by:[1]
- a loan of EUR 155 million from a group of investors led by IFC with
- IFC (International Financial Corporation) providing EUR 46.1 million
- UniCredit Group - EUR 41.1 million
- OPIC (Overseas Private Investment Corporation) - EUR 50 million
- UniCredit Bulbank Bulgaria completed the investment with a separate EUR 30 million loan
Three month after completion, it was resold to the Malta-based ACF Renewable Energy, which is reported to be owned by investors from the US, Sri Lanka, India and Pakistan.[4] The selling price has been reported to be equal to the construction price of BGN 350 million.[5]
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See also
References
- Guide-Bulgaria : US SunEdison built near village of Karadzhalovo the biggest solar park on the Balkans
- Guide-Bulgaria: US company sold its solar station in village of Karadzhalovo
- Solar Investment Slumps in Q1 2012; Companies Come Together and Join Forces to Pull Through
- Seenews.Renewables : SunEdison sells 60-MW Bulgarian solar park to ACF Renewable - report
- BPVA : Sun Edison Sells $220 Million Bulgarian Solar Park, Capital Says
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