Saturday, June 25, 2022

HomeFinanceBulgaria's St Nikola wind farm receives 64 million euros for sustainable development

Bulgaria’s St Nikola wind farm receives 64 million euros for sustainable development

Bulgaria’s largest wind facility, St Nikola wind farm received 64 million euros worth of credit from two separate donors-the European Bank for Reconstruction and Development (EBRD) and two commercial banks.

According to AES Bulgaria, one of the largest investors in the Bulgarian energy sector, the credit will enable the sustainable development of the wind park which plays a key role in Bulgaria’s transition to green energy.

St Nikola Wind Farm is the backbone of the Integrated Early Warning System for Bird Protection, which complies with the European requirements for the preservation of wild birds. The integrated system combines radar observation technology and on-site monitoring by ornithologists. The technology minimizes the risk of bird collisions with wind turbines.

The facility has an installed capacity of 156 megawatts (MW) and significantly increases the country’s capacity in the production of renewable energy. It also represents a major step forward in Bulgaria’s aspirations toward a cleaner energy future.

The wind farm is located near the town of Kavarna. It started commercial operations in 2010. 

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