Bulgarian investment group Renalfa and Danish renewable energy developer Eurowind Energy have established a joint venture company EURA Energy with the aim to invest in Bulgarian renewable energy sector.
The joint statement from the two companies said that EURA Energy holds a development portfolio of wind, solar and a production of hydrogen from renewable energy projects with a combined capacity of more than 1 GW and will continue working on the expansion of its portfolio in Bulgaria.
The first project to be realized by the joint venture should be solar power plant Tenovo in southeastern Bulgaria. The start of the construction of this 200 MW solar projects is scheduled for the first quarter of 2023.
Renalfa is the parent company of Solarpro Holding, a leading provider of products and services for the solar industry Solarpro Holding. Solarpro has completed multi-GW engineering, procurement and construction (EPC) or light EPC contracts in many European and Middle East countries. Its current portfolio under construction is over 1 GW.
Danish Eurowind Energy is engaged in the development, construction and operation of renewable energy projects in Europe and in the US. It has constructed more than 2.5 GW in Europe and already has a small operating solar power plant in Bulgaria.
