Funding renewable energy in Bulgaria
Union Solar is a renewable energy company established in 2010 to supply clean energy into the Bulgarian power grid. Since its establishment, the company has built a 2.5 megawatt solar park using photovoltaic (PV) systems.
A guaranteed buyer
Union Solar also secured a 20-year contract with one of Bulgaria’s largest energy suppliers, ensuring a buyer of all energy put into the grid. In line with Oikocredit’s focus on renewable energy, Oikocredit approved a loan of € 1.5 million to Union Solar which will enable the company to expand its operations.