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Three Seas investment fund investing in owner of PV assets in Bulgaria

Green Energy

The investment fund of the Three Seas Initiative has acquired a 'significant' stake in Austrian renewable energy group Enery Development, owner of a 60-MW (megawatt) solar plant in Bulgaria, state-owned Bulgarian Development Bank (BDB), an investor in the fund, said.

Enery Development has a portfolio of 85 MW operating assets, of which 60 MW in Bulgaria, as well as a 2 GW (gigawatt) pipeline for solar energy generation in Bulgaria, the Czech Republic, Slovakia, Austria and Romania, BDB added.

The Three Seas Initiative Investment Fund does not disclose information on the amount of the investments it makes, the bank noted.

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