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JV CO Bourgas Solar Plant

Sector: Solar • Location: Bulgaria

Source: World Bank Group

Project
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Project developer JV CO was planning the development of the 1.25 MW solar plant, near the city of Bourgas. JV CO was a joint venture between ERG Renew from Italy and Lukoil Ecoenergo, from Russia. Lukoil Ecoenergo was a subsidiary of Lukoil, registered in 2011 to manage its renewable energy projects. The European Commisison granted clearance for the joint venture.

The project was planned to be co

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The project “JV CO Bourgas Solar Plant” is an infrastructure initiative in the Solar sector, located in Bulgaria. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Project developer JV CO was planning the development of the 1.25 MW solar plant, near the city of Bourgas. JV CO was a joint venture between ERG Renew from Italy and Lukoil Ecoenergo, from Russia. Lukoil Ecoenergo was a subsidiary of Lukoil, registered in 2011 to manage its renewable energy projects. The European Commisison granted clearance for the joint venture. The project was planned to be commissioned in October 2011, with its output sold to the wholsale market. The construction of the plant was to be managed by Lukoil Ecoenergo. Total estimated cost for the project were $4 million, to be financed by Russian Lukoil (announced July 2011).

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High

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