Renalfa

Our Executive Director and Board member Yuri Katanov, CFA took part of the first day of Energy Storage Central and Eastern Europe Summit as a speaker. We are happy to share our pioneer experience in BESS deployment and implementation.

We are happy to share that our 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 (BESS) in Razlog, Bulgaria was officially opened yesterday! This state-of-the-art 55𝐌𝐖𝐡 energy storage facility, paired with a 33𝐌𝐖 solar park, has been operational for the past 3 months. Yesterday, we had the pleasure of sharing our initial impressions, lessons learned, and key results from this project. We were honored to have Krasen Mateev, CEO of Solarpro; Mathilde Ketoff, Board Member at RenalfaIPP; Krasimir Gerchev, Mayor of hashtag#Razlog; and Ning Li, Director of Sales (Central, Northern, and Eastern Europe) at HiTHIUM Energy Storage, perform the ribbon-cutting. The second part of the event featured 𝐚 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐰𝐨𝐫𝐤𝐬𝐡𝐨𝐩 𝐚𝐧𝐝 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧 𝐩𝐚𝐧𝐞𝐥 𝐨𝐧 𝐁𝐄𝐒𝐒 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧, realized in collaboration with Solarpro Holding, HiTHIUM Energy Storage, and ТОКИ. A huge thank you to all our partners and guests for joining us in celebrating this remarkable milestone!

We are happy to announce that Renalfa IPP started commercial operation of its first utility scale 25MW/55 MWh Battery Energy Storage System (BESS) at the beginning of June. The BESS is Bulgaria’s southwestern city of Razlog. It is connected to the TSO grid and co-located with a 33 MWp PV plant. The BESS enables the time shift of the solar peak production and arbitration on the electricity market.    The project is the first sizeable storage investment in the country, the largest operating BESS system in Bulgaria and one of the first BESS of such scale in Eastern Europe. https://lnkd.in/dhrnpnNg

⚡️EBRD takes an equity investment in Eldrive⚡️ The European Bank for Reconstruction and Development (EBRD) is making an equity investment of €15million in Eldrive Holding GmbH (Eldrive), a leading regional charge point operator in Bulgaria, Romania and Lithuania, part of Renalfa Solarpro Group. https://lnkd.in/dzF5dusC

Great acomplishment and recognition for Eldrive, a part of Renalfa Solarpro Group, from European Investment Bank (EIB) Eldrive receives two awards on EIB’s AdVenture Debt Summit 2024 On a dedicated ceremony held on may 13th in Luxembourg, as a part of EIB AdVenture Debt Summit, Eldrive received the EIB Advisory award and was recognized as an Innovation Champion. Eldrive was selected by the EIB Advisory team, after careful consideration of over 300 advisory projects. Securing the trust of the EIB is a substantial milestone for Eldrive. It is an important recognition of the resilience of our business strategy, implementation and growth achieved over the past few years. CEO of Eldrive Holding, Stefan Spassov, accepted those prestigious awards from Kyriacos Kakouris and Ambroise Fayolle, Vice-Presidents of the EIB. This recognition reflects our team's hard work, dedication, and the solid business strategy we've implemented over the years. Eldrive Holding GmbH is an operator of public charging infrastructure for electric vehicles in Bulgaria, Romania and Lithuania. The Company operates more than 1300 charging points with main focus on fast and super-fast charging and has an ambitious plan for further development and expansion.  

We are happy to share that The European Investment Bank (EIB) has signed a €40 million loan to Eldrive Holding GmbH, part of Renalfa Solarpro Group, to install 8 472 electric vehicle (EV) charging stations in Bulgaria, Lithuania and Romania over the next three years. The project supports clean mobility and the EU Green Deal goals for sustainable transport and decarbonisation. EU policy priorities like the green transition, competitiveness, innovation and sustainable infrastructure. With InvestEU and the EIB’s financial support, Eldrive Holding plans to invest about €146 million to deploy 4 376 new EV charging stations in Romania, 2 575 in Lithuania and 1 530 in Bulgaria, accelerating the infrastructure rollout needed to develop clean transport in these three countries, and supporting the transition to climate neutrality. “Securing the trust of the EIB is a substantial milestone for Eldrive. It is an important recognition of the resilience of our business strategy, implementation and growth achieved over the past few years. Having the EIB as a partner on this project will help us quickly and effectively expand our network and become one of the leading charging point operators in Europe,” said Eldrive CEO Stefan Spassov https://lnkd.in/dhfcCuAv

Great team and great projects! Kudos to Krasen Mateev and the whole team of Renalfa Solarpro Group!