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Announced

Rezolv Energy completed the acquisition of a 229 MW solar plant from YGY Industries.

Synopsis

Rezolv Energy, a software and consulting services firm, completed the acquisition of a 229 MW solar plant from YGY Industries, a solar energy firm. Financial terms were not disclosed. “Solar will make up almost 13% of Bulgaria’s total installed capacity this year, and estimates suggest that close to 6GW of solar power will be generated by 2030. We are very proud that St. George will be such a major part of that growth story. It will help Bulgaria meet its renewable energy targets and contribute to its energy independence. Crucially, for the business sector, it will also enable us to provide highly competitive, subsidy-free clean power at a stable price for industrial and commercial users right across the country," Alastair Hammond, Rezolv Energy Chief Operating Officer.

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