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Detail – Energy Country Profile

Rezolv Energy will develop the 229 MW St George solar project in Bulgaria

The independent power producer Rezolv Energy has acquired the rights to build and operate the 229 MW St George solar project located in the Silistra municipality of north-eastern Bulgaria.

The company acquired the project from the Bulgarian company YGY Industries JSC. The power plant, which is currently Bulgaria’s largest solar project, is expected to be commissioned by early 2025. The St George solar project will be built on the site of the former Silistra airport, a decommissioned airfield covering 165 hectares and will comprise about 400,000 solar panels. The solar plant will be connected to Bulgaria’s 110-kV national grid and is expected to produce 313 GWh/year of electricity. Rezolv Energy was launched in 2022 by Actis, an investor in sustainable infrastructure. Rezolv already has more than 2 GW of renewable capacity being developed in Romania, including the 1,044 MW Dama Solar project. As of end-2021, solar represented nearly 10% of Bulgaria’s installed capacity with 1.2 GW but only 3% of its power generation with about 1.5 TWh. In June 2023, Eurohold Bulgaria commissioned the 123 MW Verila solar park located in Dupnitsa, south-western Bulgaria.

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