Lots of real estate developer clients who redirect their investment portfolios into renewable energy. Real Estate Market is sinking. Renewable Energy growing.
Successful track record of providing finance to our clients through banks, some equity funds and EU grants.
Project management experience and vast local and international network.
Partner organizations which have already implemented new technologies in Bulgaria.
The Kyoto Protocol.
The EU 2007 roadmap for renewable energy targets up to and beyond the current Kyoto period (which ends in 2012).
Share of renewable electricity in total electricity consumption from 14% to 22% (in EU-15) and to 21% (in EU-25).
A proposed EU target of 30% of all power production from renewable sources by 2030 will maintain the pressure on member states to continue supporting renewable energy projects.
Recent EU accession and candidate countries have adopted EU targets to cut greenhouse gas emissions by 8% collectively.
Conservative estimates (based on zero domestic consumption growth) indicate a potential of over 5,000 MW of new renewable energy projects by 2010 in the Central and Eastern Europe – capex investment amount of almost €10 billion to meet the country targets.
Renewable and Alternative Energy Sources and Biofuels Act in Bulgaria obliges utility companies to purchase at very favorable price produced power from renewable energy sources for 25 year period.
For solar plants that means 100 % guaranteed market for 25 years and roughly 0,39 Euro for each kw/h produced. It is around 6 times higher than the end individual user’s price.
Favorable natural conditions in Bulgaria.
Direct м arketing to our already willing to invest clients.
Investment and initial engineering project. As Bulgaria starts from ground zero we are looking for a partner on this point.
Customizing engineering plans as to be approved of municipality and the state. Completing the whole procedure with building permits and licenses .
Research of suitable plots of land if needed, Short listing and purchase, Detailed urban planning and change of land status
Solar or wind auditing.
Facilitating contract procedures with the Utility Company.
Business plan and complete document preparation for acquiring needed finances (bank loans; EU grants; equity and investment funds).