Construction will start in the coming months, with the site expected to be fully up and running by the second quarter of 2025, according to Renewables Now.
The developer plans to sell the generation of what will be one of the largest solar plants in Bulgaria to commercial and industrial users via long-term power purchase agreements (PPAs).
Rezolv, which operates across Central and South Eastern Europe, acquired the project in 2023.
According to the company, the energy transition is in progress in Bulgaria. Solar capacity increased by more than 80% last year, and corporate demand for clean power is developing just as quickly,” said chief executive Alastair Hammond.
The St. George project is described as the largest foreign investment in Bulgaria's renewables sector so far.
