By Andrew MacDowall, ft.com:
Bulgaria’s complicated relationship with renewable energy continues. While a recent Saudi investment indicates some potential, sharp cuts in subsidies and a legislative tangle are undermining the sector.
On July 9, Riyadh-based ACWA Power said it would take a controlling 42 per cent stake in a solar plant at Karadzhalovo in central Bulgaria. The 60MW plant will make a small but significant contribution to Bulgaria’s power matrix while reducing its reliance on polluting coal power. But anybody hoping ACWA’s investment would be followed by more is likely to be disappointed… Read more