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Karadzhalovo Solar Park

Photovoltaic power station in Bulgaria

Field	Value
name	Karadzhalovo Solar Park
country	Bulgaria
location	Karadzhalovo Parvomay Municipality
commissioned	March 2012
cost	BGN 350 million (around $248 million)
owner	ACF Renewable Energy
solar_type	PV
ps_units_operational	214,000
ps_electrical_capacity	60.4 MW

The Karadzhalovo Solar Park is a 60.4 megawatt (MW) solar farm, the largest in Bulgaria. It has 214,000 photovoltaic panels, and cost 350 million Bulgarian lev (approximatively $248 million). It has been completed in March 2012 after 4 month of construction.

Financing

The total project cost amounting to 181.4 million in Euro was financed by:

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. The selling price has been reported to be equal to the construction price of BGN 350 million.

References

[http://news.guide-bulgaria.com/SC/Plovdiv/Parvomay/Karadjalovo/News.aspx?9728=US_SunEdison_built_near_village_of_Karadzhalovo_the_biggest_solar_park_on_the_Balkans Guide-Bulgaria : US SunEdison built near village of Karadzhalovo the biggest solar park on the Balkans]
[http://www.renewableenergyworld.com/rea/partner/green-power-conferences-3234/news/article/2012/04/solar-investment-slumps-in-q1-2012-companies-come-together-and-join-forces-to-pull-through Solar Investment Slumps in Q1 2012; Companies Come Together and Join Forces to Pull Through]
[http://news.guide-bulgaria.com/SC/Plovdiv/Parvomay/Karadjalovo/News.aspx?9789=US_company_sold_its_solar_station_in_village_of_Karadzhalovo Guide-Bulgaria: US company sold its solar station in village of Karadzhalovo]
[http://renewables.seenews.com/news/sunedison-sells-60-mw-bulgarian-solar-park-to-acf-renewable-report-287771 Seenews.Renewables : SunEdison sells 60-MW Bulgarian solar park to ACF Renewable - report]
"BPVA : Sun Edison Sells $220 Million Bulgarian Solar Park, Capital Says".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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