Rezolv Energy has acquired the rights to build and operate a 229MW solar plant in Silistra municipality in north-east Bulgaria.
The St George solar project is due to enter construction before the end of this year and to be operational in 2025.
Rezolv has acquired the project from Bulgarian company YGY Industries JSC, owned by Yavor Georgiev.
St George will be built on the site of the former Silistra airport, a decommissioned airfield covering 165 hectares and will consist of nearly 400,000 solar panels.
The plant will be connected to the main 110 kV transmission grid via two independent connection lines totalling about 6 km in length.
The power will be sold to commercial and industrial users through long-term PPAs.
The project will create approximately 500 full time equivalent (FTE) employee roles, both for light assembly – which is work suitable for men and women, on both a full-time and part-time basis – and highly-skilled engineering roles.
Longer term, the power plant will provide local employment for skilled and semi-skilled labour throughout the 30 plus years of operation.
Rezolv already has more than 2GW of clean energy being prepared for construction in Romania, including the 1044MW Dama Solar project.
Alastair Hammond, Chief Operating Officer, Rezolv Energy, said: “Solar will make up almost 13% of Bulgaria’s total installed capacity this year, and estimates suggest that close to 6GW of solar power will be generated by 2030.”