Denmark-based Eurowind Energy CEO Jens Rasmussen said the joint venture with Renalfa in Bulgaria will install 2 GW of renewable energy capacity in the Balkan country, starting with a 250 MW solar power plant in the province of Yambol.
Eurowind Energy has set up a joint venture called EURA Energy with Bulgarian investment company Renalfa in the field of clean energy and electric mobility. The new entity already has a development portfolio of wind, solar and green hydrogen projects with a combined capacity of more than 1 GW, according to the companies.
Jens Rasmussen, CEO of the Danish renewable energy developer headquartered in Hobro, was optimistic in an interview with Capital.bg that 2 GW of capacity could be installed in Bulgaria over the next ten years. He revealed that the first project would be for a 250 MW solar power plant near the village of Tenovo in the eastern province of Yambol.
The facility is expected to be completed in 2023, Rasmussen said and added that it would include an energy storage system. He estimated the investment between 100 and 150 million euros.
The 250 MW solar power plant near the village of Tenovo will include storage
Renalfa’s subsidiary, Solarpro, develops, installs, operates and maintains photovoltaic power 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.
Eurowind is present in 15 European countries and in the United States. He said he has built more than 2.5 GW of capacity in Europe. The company already has a small solar park in Bulgaria. He said he was one of the first in Europe to invest in large scale green hydrogen and power-to-X (PtX) projects.
Eurowind already has a small solar park in Bulgaria
Rasmussen stressed that EURA Energy would develop projects with private capital, but that it could request European funds for innovative initiatives with new technologies, in particular batteries. Eurowind said it has worked with Solarpro on two hybrid power plants in Denmark. Nuclear energy is acceptable if the local community supports such a project and it has to be implemented fully under market conditions and without pollution, but this is not realistic for Bulgaria, he stressed.
Rasmussen noted Eurowind’s wind power and integrated heat pumps for district heating in Denmark. He said user bills are lower than gas and coal.
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