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EBRD and partners fund Tenevo solar plant in Bulgaria

Nov 23, 2024•over 1 year ago

Contract Type

partnership

BulgariaManufacturingEnergySolar

Description

The European Bank for Reconstruction and Development (EBRD) is providing up to €50 million in funding to Tenevo Solar Technologies EAD for the development and operation of a solar power plant in southeastern Bulgaria. Raiffeisen Bank International is also contributing €53 million, bringing the total financing to €103 million. The project aims to add 238 MW of solar capacity to Bulgaria’s energy grid and help accelerate the country’s transition to green energy.

Company Information

Company

Tenevo Solar Technologies EAD

Location

Bulgaria

About

Tenevo Solar Technologies EAD is a joint-stock company established in Bulgaria to build and operate the Tenevo solar plant. The company is equally owned by two partners: Renalfa IPP and RGreen Invest.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months