Renewables

Renalfa IPP buys Alpiq’s 72.5 MW wind park in Bulgaria

Renalfa IPP Alpiq s 72 5 MW wind park Bulgaria

Photo: Alpiq

Published

March 27, 2023

Country

Comments

comments icon

0

Share

Published:

March 27, 2023

Country:

Comments:

comments icon

0

Share

Renalfa IPP agreed to take over the Vetrocom wind farm in Bulgaria from Alpiq while the Swiss company’s remaining two firms in the country are set to be bought by other firms from Renalfa Group.

The news emerged already in mid-February, but now the two companies issued formal statements: Vienna-based Renalfa IPP is acquiring Apiq’s operations in Bulgaria. They reached a deal for the 72.5 MW Vetrocom wind power plant, while the operations and maintenance firm Alpiq Wind Services and electricity trader Alpiq Energia Bulgaria are about to be taken over by other firms from Renalfa Group.

The companies didn’t disclose the amount for the transaction, which they estimate would be completed before the end of the year pending regulatory approval. Alpiq pointed out that, among other activities, it is continuing to develop wind energy and photovoltaic projects in Switzerland, Spain, Italy, France and the Nordic countries.

Alpiq is continuing to develop wind energy and photovoltaic projects in Switzerland, Spain, Italy, France and the Nordic countries.

Vetrocom was built in three stages from 2010 to 2012. The wind farm, which consists of 29 turbines, is located near Kazanlak, 200 kilometers east of Sofia. The facility generates an average 135 GWh per year.

Renalfa IPP is a joint venture between French infrastructure fund manager RGreen Invest and Vienna-based Renalfa Solarpro Group. The firm said the purchase was secured by winning a competitive auction and highlighted its push to diversify across technologies in East Europe.

The joint venture said it has 450 MW operational assets or projects in active construction and more than 1 GW projects in late-stage development. Renalfa IPP is active in Poland, Hungary, Romania, Bulgaria and Northern Macedonia.

Renalfa IPP is a joint venture between French infrastructure fund manager RGreen Invest and Vienna-based Renalfa Solarpro Group

Renalfa Solarpro Group works in the clean energy and e-mobility investment businesses. It has 3 GW in wind and solar parks under construction and development in Bulgaria as well as 200 MW of operating assets in Poland, Hungary, Romania, Bulgaria and North Macedonia, the update adds.

A year ago, telecommunication service provider A1 Bulgaria signed a long-term power purchase agreement for solar energy with Renalfa, the first corporate PPA in the country.

Renalfa is planning to build a 250 MW solar power plant in the Yambol province via a joint venture.

The company’s subsidiary Solarpro develops, installs, operates and maintains photovoltaic plants and charging stations for electric vehicles in Europe, the Middle East and the Americas, with a focus on Eastern Europe. Its portfolio includes North Macedonia and Romania.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Serbia drafts just transition action plan public debate

Serbia drafts just transition action plan

30 May 2025 - The Ministry of Mining and Energy has published a draft just transition action plan and launched a public debate

Regional Power Sector Exchange Western Balkans disitribution system operator dso grids ohrid giz

Third Regional Power Sector Exchange in Ohrid: Power grids at core of energy transition

30 May 2025 - The third Regional Power Sector Exchange of the Western Balkans gathered over 80 energy professionals from the Western Balkans

two solar power plants egesa enerji vojvodina

Turkish Egesa Enerji to build two solar power plants in Serbia’s Vojvodina province

30 May 2025 - Turkish company Egesa Enerji has launched a project to build two solar power plants in Vojvodina, with a total nominal capacity of 8.6 MW

Green for Growth Fund partnership Swedish International Development Cooperation Agency Sida

Green for Growth Fund launches partnership with Swedish International Development Cooperation Agency

30 May 2025 - GGF and the Swedish International Development Cooperation Agency are expanding green lending in the Western Balkans and the EU's Eastern Neighborhood