Karadzhalovo Solar Park
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The Karadzhalovo Solar Park is a 60.4
megawatt The watt (symbol: W) is the unit of Power (physics), power or radiant flux in the International System of Units, International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantification (science), ...
(MW)
solar farm Solar may refer to: Astronomy * Of or relating to the Sun ** Solar telescope, a special purpose telescope used to observe the Sun ** A device that utilizes solar energy (e.g. "solar panels") ** Solar calendar, a calendar whose dates indicate t ...
, the largest in
Bulgaria Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedon ...
. It has 214,000 photovoltaic panels,Guide-Bulgaria : US SunEdison built near village of Karadzhalovo the biggest solar park on the Balkans
/ref> and cost 350 million Bulgarian lev (approximatively $248 million). It has been completed in March 2012 after 4 month of construction.Guide-Bulgaria: US company sold its solar station in village of Karadzhalovo
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Financing

The total project cost amounting to 181.4 million in Euro was financed by: * a loan of EUR 155 million from a group of investors led by IFC with ** IFC (International Financial Corporation) providing EUR 46.1 million **
UniCredit Group UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...
- EUR 41.1 million **
OPIC The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAI ...
(Overseas Private Investment Corporation) - EUR 50 million * UniCredit Bulbank Bulgaria completed the investment with a separate EUR 30 million loan Three month after completion, it was resold to the Malta-based ACF Renewable Energy, which is reported to be owned by investors from the US, Sri Lanka, India and Pakistan. The selling price has been reported to be equal to the construction price of BGN 350 million.BPVA : Sun Edison Sells $220 Million Bulgarian Solar Park, Capital Says
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See also

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Photovoltaic power station A photovoltaic power station, also known as a solar park, solar farm, or solar power plant, is a large-scale grid-connected photovoltaic power system (PV system) designed for the supply of merchant power. They are different from most building- ...
*
List of largest power stations This article lists the largest power stations in the world, the ten overall and the five of each type, in terms of current installed electrical capacity. Non-renewable power stations are those that run on coal, fuel oils, nuclear fuel, natural ...
*
List of photovoltaic power stations The following is a list of photovoltaic power stations that are larger than 300 megawatts (MW) in current net capacity.Note that nominal power may be AC or DC, depending on the plant, and therefore any totals quoted are hybrid. SeAC-DC conundru ...


References

{{Solar power in Europe Photovoltaic power stations in Bulgaria Buildings and structures in Plovdiv Province