Bulgaria, said to have a 16 percent target of its energy sources being renewable by 2020, moved a little closer towards this goal recently with the kick off of the first active wind turbines in its new Kardam wind park. This park, which will have a total wind power capacity of 12.6 megawatts (MW), was pushed through by Stream Invest Holding AG (SIH) of Switzerland.
The Kardam wind park, which consists of six Suzlon S88 turbines that each output 2.1 MW, has a total economic value of over 23 million euros. It is said to be the only new wind park project in Bulgaria that was project financed and went into operations in “recent time.” It was constructed by Technomash-Bulgarian Industrial Group AD, with additional help from Energy Competence Centre GmbH (ECC), a subsidiary company of Corporate Energies in Berlin, Germany.
Kardam, located near near Dobrich, represents SIH’s first wind energy investment project in Bulgaria. It also holds investments in wind assets in Poland, Czech Republic, Bulgaria, Romania, France and Italy as a self-described international private equity investor in renewable energy.
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