BOYANOV & Co. advised Rezolv Energy on the acquisition of the rights to build and operate a 229 MW solar plant in Silistra Municipality, northeastern Bulgaria. Rezolv Energy is an independent renewable energy producer focused on Central and Southeastern Europe which was launched last year by Actis, a leading global investor in sustainable infrastructure.
Named ‘St. George,’ the project is set to become the largest solar plant in Bulgaria, with construction beginning later this year and completion expected in early 2025. The St. George plant will be constructed on the site of the former Silistra airport, covering 165 hectares and comprising nearly 400,000 solar panels. With an average annual power generation of 313 Gigawatt hours, it will produce the equivalent of 13% of Bulgaria’s currently installed solar power. Designed to meet the highest environmental, social, and governance (ESG) standards, the project reflects Rezolv’s commitment to sustainable infrastructure.
This landmark acquisition indicates a significant milestone in Rezolv’s expansion in Central and Southeastern Europe, reinforcing Bulgaria’s position on the global clean energy map.
The team of BOYANOV & Co. included Partners Alexander Chatalbashev, Yordan Naydenov, and Nickolay Nickolov, Senior Associate Nedyalka Novakova, Associate Svetlana Tzvetkova, and Junior Associate Teodora Peycheva.