Energy Invest JSC

Established: 2006

Share of Advance Equity Holding: 100%

Investment: BGN 7.42 m / EUR 3.79 m

 

CEO: Hristo Valev

 

Main activity: Investment and project management in the field of renewable energy sources.

In 2007, Energy Invest launched its pilot wind farm with 2.4 MW of installed capacity near the village of Vidno, municipality of Kavarna (North-Eastern Bulgaria). In the summer of 2011 the wind farm was successfully sold with an internal rate of return (IRR) on the investment of 12% p.a.

Currently, the company is developing  a large wind farm project with a planned capacity of up to 42.5 MW, and a smaller one with a planned capacity of up to 4 MW.

In 2008, Energy Invest acquired 90% of the shareholders`equity of InterSol JSC – a company developing a project for a photovoltaic (PV) power plant of 1 MWp capacity near the village of Paunovo, municipality of Ihtiman (South-Western Bulgaria). The construction works on the PV plant were completed in the end of 2008 and the installation was put in operation in Q1 of 2009. As of the time of its completion, the PV-plant was the largest of its kind on the Balkans.