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Solar Vramis

Sector: Solar • Location: Bulgaria

Source: European Bank for Reconstruction and Development (EBRD)

Project
Approved

Provision of a senior secured limited-recourse loan of up to EUR 50 million in favour of Solar Vramis AD (the "Borrower" or the "Company"), a joint stock company incorporated in Bulgaria. The loan proceeds will be used to finance the development, construction, and operation of a 171.5 MWp solar PV plant in the Pernik region of Wester Bulgaria (the "Project"). The EBRD loan is part of a broader EUR

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Project Information

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The project “Solar Vramis” is an infrastructure initiative in the Solar sector, located in Bulgaria. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

Sponsoring Agency

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Company

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Status

Original status

approved

Taiyo status

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Taiyo last update

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Contact

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Email

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Address

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Description

Description

Provision of a senior secured limited-recourse loan of up to EUR 50 million in favour of Solar Vramis AD (the "Borrower" or the "Company"), a joint stock company incorporated in Bulgaria. The loan proceeds will be used to finance the development, construction, and operation of a 171.5 MWp solar PV plant in the Pernik region of Wester Bulgaria (the "Project"). The EBRD loan is part of a broader EUR 136m financing that supports the development, construction, and operation of a 480.2 MWh portfolio of co-located and standalone battery energy storage system (BESS) projects in Bulgaria. The EBRD loan is expected to be approved under the EBRD InvestEU Framework for Sustainable Transition.

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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