Call
Send Email
Messenger
WhatsApp
BULGARIAN-GREEK COMPANY TO BUILD WIND PARK ON DANUBE RIVER
A BulgarianGreek joint venture has announced plans for the construction of a 500MW wind park in Bulgaria's Gulyantsi municipality, on the Danube. The investment project was submitted by the GP Energy company for approval to the local authorities last week. The project will also have to be reviewed by the regional environment and waters directorate based in Pleven.
The 2.0 ha park will consist of 25 wind-powered generators deployed in the area of the Somovit and Dolni Vit villages and a further 35 generators installed near the villages of Gigen and Iskar, all in the Pleven region. The electricity output will be sold to national power grid operator NEK at 9 euro cents/kWh without taxes.
Gulyantsi mayor Violin Ivanov said several companies have indicated their interest in harnessing the power of the wind in the area. Three wind turbines are already in operation near Somovit. They were installed by Lovech-based company Velga which plans to add a few more turbines next year.
A Sofia-based company will build a second wind farm near Somovit, said Ivanov, withholding the name of the investor.
Yet another investor is in the process of acquiring private land plots in the Somovit area suitable for wind power generation.
Some 100 wind turbines have been installed across Bulgaria in the past two years. Over 90% of the facilities have been deployed by non-energy companies.
Properties for sale in the area
Read more news
More News
Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.
One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...
🏆 Your Trusted Partners in the Peak of the Real Estate Season!
As autumn settles in, the property market in Bulgaria is showing no signs of slowing down!
Between national holidays, the start of the school year, and the buzz of city life, we at BULGARIAN PROPERTIES have been working at full speed to bring buyers and sellers together in successful transactions...
Housing prices in Bulgaria are accelerating their growth on an annual basis compared to the first quarter, both nationally and in the country's major cities, according to data from the National Statistical Institute (NSI).
In the second quarter, housing prices in the country rose by 15.5% on an annual basis, which is a slight acceleration compared to the 15.1% growth i...
Bulgaria has long appealed to British buyers more than other Eastern European destinations.
A mix of affordable beach, ski and village life, it offers a bit of everything and regularly features in A Place in the Sun’s Top 10 Best Places to Buy Abroad rankings.
In this year’s list, Bulgaria comes in at number nine - above Dubai - with the average property...
