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.
Read more news
More News
Summer is here, and the real estate market in Bulgaria continues to offer great opportunities for those who are well-informed and act at the right time!
May was a month of in-depth analyses and valuable market data, showing that the market is entering a more balanced phase. Buyers are becoming more cautious, supply is gradually increasing, and successful transactions increasingly d...
After two years of exceptionally strong price growth, limited supply and euphoria fuelled by the expected introduction of the euro, Sofia’s residential property market entered a new cycle in the first quarter of 2026.
The period was characterised by existing demand, but also by more moderate activity, as buyers and sellers reassessed their behaviour.
The market began ...
The first quarter of 2026 marks the beginning of a new stage in the development of Bulgaria’s property market, which is moving from a period of accelerated transactions in 2024–2025 into a phase of normalization, characterized by more mature and rational buyer behavior.
This shift is also visible in an analysis of nearly 15,000 real searches made between January and Ma...
The market is rebalancing – and great results come with the right strategy!
April brought clear signals of a new phase in the real estate market in Bulgaria – a more moderate pace, more cautious buyers, and increasing supply. And yet, deals are happening across all segments when properties are positioned correctly.
In this more mature and competitive environment, our Agents ...
