Международната финансова корпорация и България по пътя на преход към зелена икономика: проект „Соларен парк св. Георги“
The International Finance Corporation and Bulgaria on The Path Toward a Green Economy: The “St. George” Solar Park Project

Author(s): Desislava Ilieva
Subject(s): Economy, Energy and Environmental Studies, Socio-Economic Research, Green Transformation
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: The “St. George” solar park project; International Finance Corporation (IFC); green economy; blended finance, Bulgaria
Summary/Abstract: This report examines the role of the International Finance Corporation (IFC) in supporting Bulgaria on its path toward a green economy, focusing on a specific example—the “St. George” photovoltaic power plant project. The project is located in the municipality of Silistra, in Northeastern Bulgaria, and is one of the most significant in the region. It was launched in 2024 and is expected to be completed in 2025. It is financed with the support of the IFC and symbolizes a successful model of cooperation between international institutions, the state, and the private sector. The report presents the main economic, social, and environmental impacts of the project’s implementation, as well as its role as an example of sustainable development and the transition to a green economy in Bulgaria.

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