AES Bulgaria said that its 156 MW St. Nikola wind farm has produced a total of 338,000 MWh ofelectricity in 2021, enough to cover the demand of some 94,000 Bulgarian households.
In December alone, the wind farm generated over 52,000 MWh of electricity, which is a record monthly generation since the start of commercial operation in 2010.
Last month, the European Bank for Reconstruction and Development (EBRD) said that it will provide a 32 million euros financing package for Saint Nikola wind farm in Bulgaria in order to boost the country’s renewable energy sector. The new funding will refinance the remaining exposure on the 119 million euros loan which the bank provided to the wind farm in 2008, as well as extend a new commitment of 16 million euros. The EBRD funds are to be complemented by an additional 32 million euros in financing, divided equally between two unnamed commercial banks.
Saint Nikola wind park is located near the town of Kavarna on the Black Sea coast and its is operated by AES Bulgaria. It was built in 2009 and put into operation a year later. It has 52 wind turbines with power output of 3 MW each and represents 22 % of total installed wind capacity in the country. The total investment in the project was 270 million euros, of which 198 million euros was provided by a bank consortium including the European Bank for Reconstruction and Development (EBRD), the International Financial Corporation (IFC) and
UniCredit Bank.
