N-Vision to build wind farm in Bulgaria


CSA Z462 Arc Flash Training – Electrical Safety Compliance Course

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 6 hours Instructor-led
  • Group Training Available
Regular Price:
$249
Coupon Price:
$199
Reserve Your Seat Today

Kyustendil Wind Farm will deliver Bulgaria wind power under renewable energy incentives, backed by EBRD and export credit agencies with debt financing, supporting EU climate targets and grid integration by end-2011.

 

Understanding the Story

A wind farm near Kyustendil, Bulgaria, largely debt-financed and due late-2011 to support EU renewable energy targets.

  • Near Kyustendil, 68 km south of Sofia
  • Operational target: end of 2011
  • Up to 75% debt financing planned
  • EBRD and export credit agencies expected to fund

 

Germany's privately held N-Vision Energy plans to invest up to 140 million euros (US$210.5 million) to build a 100 megawatt wind energy park in Bulgaria, its managing director said.

 

The new wind farm will be built near the town of Kyustendil, some 68 km south of capital of Sofia, and is expected to become operational by the end of 2011, in line with the largest Canadian wind farm project timeline, Sebastian Noethlichs, managing director of N-Vision Energy, said.

Up to 75 percent of the park will be debt-financed, with Vestas hiring in Colorado underscoring demand, Noethlichs said, adding the European Bank for Reconstruction and Development and export credit agencies are expected to take part in the funding of the project.

Wind park projects in Bulgaria have mushroomed over the last couple of years as investors take advantage of incentives such as preferential prices which Sofia offers for power produced from renewable energy sources, and to grid tools such as the giant battery for wind power that smooth output.

The Balkan country plans to increase the share of renewable energy to 16 percent by 2020 as part of EU interconnection projects to combat climate change.

The new project will be the second largest in Bulgaria after the 156 MW park built by AES Corp. near the town of Kavarna on the northern Black Sea coast, which was officially connected to the national grid earlier this month.

Related News

Enel kicks off 90MW Spanish wind build

Enel Green Power España Aragon wind farms advance Spain's renewable energy transition, with 90MW under…
View more

N.S. approves new attempt to harness Bay of Fundy's powerful tides

Bay of Fundy Tidal Energy advances as Nova Scotia permits Jupiter Hydro to test floating…
View more

Heat Exacerbates Electricity Struggles for 13,000 Families in America

Energy Poverty in Extreme Heat exposes vulnerable households to heatwaves, utility shutoffs, and unreliable grid…
View more

Macron: France, Germany to provide each other with gas, electricity, to weather crisis

France-Germany Energy Solidarity underscores EU energy crisis cooperation: gas supply swaps, electricity imports, price cap…
View more

Nigeria's Electricity Crisis

Nigeria Electricity Crisis undermines energy access as aging grid, limited generation, and transmission losses cause…
View more

COVID-19 pandemic zaps electricity usage in Ontario as people stay home

Ontario Electricity Demand 2020 shows a rare decline amid COVID-19, with higher residential peak load,…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.