The Bulgarian Development Bank finance the construction of photovoltaic power plants for business needs. The new financial product is in response to growing concern among companies about the price of electricity in Bulgaria and Europe, and increased demand for electricity. Switching businesses to solar energy is a workable solution in the context of depleting non-renewable sources and the EU's carbon neutrality targets.
Green Energy Financing
Green Policies to Reduce Carbon Footprint
Bulgarian Development Bank has a long-term goal to support the green transition of the national economy and increase the share of clean energy sources, since 25 percent of global greenhouse gas emissions come from electricity generation. Building green energy plants is part of the European Commission's package of measures included in the so-called Green Deal, which aims to reduce the carbon footprint by 2050.