This operation enables the refinancing of Akuo’s portfolio of five hydroelectric power plants located alongside the Iskar river near Svoghe in Bulgaria. Following its acquisition of these assets in March 2021, operational since 2010-2013 and with a capacity of 15.5 MW, Akuo has partnered for the refinancing with RGREEN INVEST, who now becomes a 49% co-shareholder.

The transaction aims to free up the financial resources necessary for the development of new renewable energy projects in Central and Eastern Europe.

Read the full press release.