Karadzhalovo Solar Park
{{Short description|Photovoltaic power station in Bulgaria}}
{{Infobox power station
| name = Karadzhalovo Solar Park
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| country = Bulgaria
| location = Karadzhalovo Parvomay Municipality
| status =
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| commissioned = March 2012
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| cost = BGN 350 million (around $248 million)
| owner = ACF Renewable Energy
| operator =
| solar_type = PV
| ps_units_operational = 214,000
| ps_units_manu_model =
| ps_electrical_capacity = 60.4 MW
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The Karadzhalovo Solar Park is a 60.4 megawatt (MW) solar farm, the largest in Bulgaria. It has 214,000 photovoltaic panels,[http://news.guide-bulgaria.com/SC/Plovdiv/Parvomay/Karadjalovo/News.aspx?9728=US_SunEdison_built_near_village_of_Karadzhalovo_the_biggest_solar_park_on_the_Balkans Guide-Bulgaria : US SunEdison built near village of Karadzhalovo the biggest solar park on the Balkans] and cost 350 million Bulgarian lev (approximatively $248 million).[http://www.renewableenergyworld.com/rea/partner/green-power-conferences-3234/news/article/2012/04/solar-investment-slumps-in-q1-2012-companies-come-together-and-join-forces-to-pull-through Solar Investment Slumps in Q1 2012; Companies Come Together and Join Forces to Pull Through]
It has been completed in March 2012 after 4 month of construction.[http://news.guide-bulgaria.com/SC/Plovdiv/Parvomay/Karadjalovo/News.aspx?9789=US_company_sold_its_solar_station_in_village_of_Karadzhalovo Guide-Bulgaria: US company sold its solar station in village of Karadzhalovo]
Financing
The total project cost amounting to 181.4 million in Euro was financed by:
- a loan of EUR 155 million from a group of investors led by IFC with
- IFC (International Financial Corporation) providing EUR 46.1 million
- UniCredit Group - EUR 41.1 million
- OPIC (Overseas Private Investment Corporation) - EUR 50 million
- UniCredit Bulbank Bulgaria completed the investment with a separate EUR 30 million loan
Three month after completion, it was resold to the Malta-based ACF Renewable Energy, which is reported to be owned by investors from the US, Sri Lanka, India and Pakistan.[http://renewables.seenews.com/news/sunedison-sells-60-mw-bulgarian-solar-park-to-acf-renewable-report-287771 Seenews.Renewables : SunEdison sells 60-MW Bulgarian solar park to ACF Renewable - report] The selling price has been reported to be equal to the construction price of BGN 350 million.[http://www.bpva.org/en/articles/article903.html BPVA : Sun Edison Sells $220 Million Bulgarian Solar Park, Capital Says]
See also
{{stack|{{Portal|Bulgaria|Renewable energy}}}}