St. George Overview
St. George is located on a former airfield, decommissioned several decades ago. The site is near the village of Polkovnik Lambrinovo in Silistra Municipality, Northeastern Bulgaria. Once in operation, St. George will be one of Bulgaria’s largest solar plants, comprising nearly 400,000 photovoltaic panels.
St. George is currently being prepared for construction.
It is scheduled to be commissioned in 2025
Clean Energy Leader
The Project is owned by R-Engineering, a limited liability company incorporated in Bulgaria and owned by Rezolv Energy.
Rezolv Energy is an independent renewable energy producer backed by Actis, a leading global investor in sustainable infrastructure.
Leading the energy transition
With an average annual power generation of 313 Gigawatt hours (GWh), St. George will produce the equivalent of a significant share of Bulgaria’s currently installed solar capacity, helping to reduce the country’s reliance on fossil fuels and enhancing energy security. The plant will contribute significantly to Bulgaria’s renewable energy goals by supporting the transition to cleaner energy sources and reducing greenhouse gas emissions.
Reduced Emissions
The St George solar plant will help improve air quality and reduce greenhouse gas emissions by shifting to cleaner energy sources. This will help meet global climate goals and promote better health for local communities, aligning Bulgaria with a sustainable future.
Renewable Stability
St. George will provide renewable power for companies across Bulgaria and beyond, helping them access a more secure, stable, and clean energy supply. By reducing reliance on fossil fuels, companies can better control energy costs, mitigate market risks, and achieve their sustainability goals through lower carbon emissions.
Inspiring New Standards
We intend for this project to set a standard for the responsible development of renewable energy in Southeastern Europe, inspiring others to follow. By prioritizing sustainable practices and stakeholder engagement, the St. George solar plant aims to show that renewable projects can deliver economic benefits while respecting communities, protecting ecosystems, and minimizing environmental impact.
Project Development Timeline
The St. George project will comprise four main phases, the first of which has already been completed.
Project Sites
St. George essentially consists of two solar plants alongside one another – St. George East and St. George West. Of equal capacity, the two plants will together cover 165 hectares. They will be connected to the main 110 kV transmission grid via two independent connection lines totalling about six kilometres in length.
Latest News
See below for the latest news about the St. George solar plant.
Rezolv Energy, an independent power producer backed by Actis, has secured up to €90 million in debt financing from the International Finance Corporation (IFC) and Raiffeisen Bank International to support the construction of the ‘St. George’ solar park in north-eastern Bulgaria.
Actis-backed Rezolv Energy has selected three companies – CMC Europe, Solarpro and Green Solar Energy – to build the 229MW ‘St. George’ solar park in Silistra Municipality in Northeastern Bulgaria. Construction work is due to start very shortly, with the plant coming onstream next year.
Ardagh Glass Packaging-Europe (AGP-Europe), an operating business of Ardagh Group, announced today that it has entered a long-term Virtual Power Purchase Agreement (VPPA) with Rezolv Energy’s St. George solar photovoltaic (PV) project in Bulgaria, securing renewable electricity for its glass manufacturing operations across Europe from April 2026.
Why is Rezolv investing in Bulgaria?
Rezolv launched 18 months ago to accelerate the energy transition in Central & South Eastern Europe. We already have well over 2GW of clean energy being prepared for construction. This includes St. George, which will become one of Bulgaria’s largest solar plants, and Dama Solar, which will be the largest solar project anywhere in Europe once it is operational. We also have more than 1GW of wind power under construction in Romania.
Explore more about St. George
The St. George solar plant will employ around 200 people but also generate significant economic and infrastructural benefits, including indirect support for local businesses, clean power delivery to local communities, and revenue from land leases.
Community Benefits
St. George presence in Silistra promises significant benefits, including job creation during construction and operational phases, economic growth through local business partnerships, and clean power delivery to industrial and commercial users. Additionally, the project will improve infrastructure with new roads and provide revenue through land leasing, contributing to local development and prosperity.
Community engagement
Community engagement is crucial for the success of St. George, and Rezolv Energy is dedicated to fostering strong, positive relationships with local communities to ensure their projects are sustainable and beneficial for all stakeholders.
Environmental impact
The St. George solar park will be built on a brownfield site: the former Silistra airport, a decommissioned airfield covering 165 hectares. The project will comprise nearly 400,000 solar panels. In a country which has historically relied on fossil fuels for most of its energy needs, replacing fossil production with renewables delivers the maximum possible emissions reduction impact. St. George will therefore play a crucial role in Bulgaria’s energy transition and help the country meet its climate targets.
Our sustainability approach
Rezolv’s sustainability strategy has been built on industry best practice and aligns with international standards, including the Equator Principles and the International Finance Corporation (IFC)’s Performance Standards on Environmental and Social Sustainability. One of its pillars is striving to ensure that each of its renewable energy plants supports flourishing and sustainable ecosystems.
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