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

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Published:

March 27, 2023

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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.

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