The Bulgarian investment group Renalfa AD and Danish developer Eurowind Energy A/S are proud to announce the formation of EURA Energy, a co-owned joint venture company aimed at the Bulgarian renewable energy market. EURA Energy holds a development portfolio of wind, solar and PtX (Power-to-X or production of Hydrogen from renewable energy) projects with a combined capacity of more than 1 GW and is working to expand the portfolio in Bulgaria.
Renalfa AD is a privately owned Bulgarian clean energy and e-mobility investment group. Through its subsidiary Solarpro, the Group is a leading European installer, EPC and O&M provider of PV services, as well as smart energy management systems. Solarpro’s track record includes multi-GW of completed projects for full EPC or light EPC in many European and Middle East countries. Current Solarpro portfolio under construction is over 1 GW. The Group is present in Europe, North & South America and MENA and has over 1000 employees in 14 countries.
“We are very happy to announce our partnership with Eurowind on Bulgarian energy market. The combined scale and experience of both companies in wind, solar, storage and PtX projects will allow our joint company EURA Energy to play key role in the Bulgarian energy transition and to offer clean energy and clean hydrogen at very competitive terms to the market.”, said Konstantin Nenov, CEO of Solarpro.
Eurowind Energy A/S develop, construct, own and operate energy parks in 15 European countries and USA. The Danish developer has constructed more than 2.5 GW in Europe and already has a small operating solar park in Bulgaria. The company is among the first European investors to pioneer utility scale PtX projects.
Jens Rasmussen, CEO of Eurowind Energy said:
“We see Bulgaria as a very interesting market for years to come. Like any other European country, there is a need for more power combined with a green transition of the whole energy system. Solar, wind and PtX plays a part in that transition and is the cheapest way to establish new generational capacity: We believe that the combined capabilities of Renalfa and Eurowind can make a real impact in the market.”
“We have worked with Solarpro on the construction of two Danish hybrid parks and we have come to appreciate their professionalism and their attitude to our partnership. We believe we found the right partner to help us build the footprint in Bulgaria.”
The first project to be realized by EURA Energy is expected to be the 200+ MWp solar project Tenevo, located in South-eastern Bulgaria. Tenevo Solar Park is planned for construction in Q1 of 2023.
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