Realized initiatives in 2022:

On June 1st, 2022, to celebrate Children’s Day, an event was held for children from the kindergartens and schools (grades 1st – 4th) in Nikola Kozlevo municipality. Learn more here.

As part of its social program for the residents of Kaolinovo municipality, CWP supported the realization of horse races during the traditional annual event in Kaolinovo municipality on May 22nd, 2022. Read more here.

Community is at the heart of everything we do. We work hand-in-hand with our communities to create a series of longer-term projects that leave a lasting legacy. It is all about the legacy we leave. We provide an alternative for clean energy that will benefit future generations. But that is not enough. During the construction and operation phase, we want to support the local communities that make the implementation of our wind park possible, leaving a tangible legacy that changes everyday life for years to come.

CWP believes that Bulgaria can drastically reduce electricity prices for the households and business by including more renewable energy in the country’s energy mix. The company offers effective solutions for the development of the Bulgarian energy sector and for building a competitive economy in the context of the global decarbonization targets, in its analysis “Vision 2030 – For cheaper electricity and a more competitive economy”. The analysis shows that the most efficient and competitive way forward for the Bulgarian energy sector is the development of 7 GW of new wind and solar capacities that would be built on a market basis. Attracting private capital can happen by updating the regulatory framework, without the need for government subsidies or public resource investments. This way, the average price of electricity in Bulgaria can be reduced for households and businesses. The analysis shows that this is how lower electricity prices, stability, independence, and predictability of the energy system can be guaranteed in Bulgaria, which will help increase the competitiveness of the entire Bulgarian economy.

In connection with the forthcoming energy transformation of the Bulgarian economy, one of the significant investments of CWP since 2022 is in Bulgaria, through the project company Ruzhitsa Green Power EOOD. The company was established with the aim to develop and implement a wind park with a total installed capacity of approximately 385 MW, obtained from the installation of about 55 wind turbines.

The implementation of the project is planned on the territories of two neighboring municipalities – Kaolinovo and Nikola Kozlevo, located in Shumen district. Eleven (11) of the wind generators are located in the area of the villages of Lyatno, Dolina and Lisi Vrah – Kaolinovo municipality. The remaining forty-four (44) wind generators are located in the area of the villages of Ruzhitsa, Valnari, Nikola Kozlevo, Harsovo, Tsarkvitsa, Kriva Reka and Krasen Dol – Nikola Kozlevo municipality.

Social program

As a socially responsible investor, CWP and its project company Ruzhitsa Green Power EOOD want to build a successful partnership with the local administration and community, and the main focus of this cooperation is to improve the quality of life of the local population in the long run.

As part of the project, Ruzhitsa Green Power EOOD plans to implement a social program aimed at supporting various initiatives that are of particular importance for both municipalities and the local community. The budget of the social program covers the entire period of development and operation of the wind park. The indicative budget for the social program will be provided in stages in view of the degree of implementation of the project. Ruzhitsa Green Power relies on the local community and administration to use the funds in the best possible way, in view of which a Board of Trustees for the social program will be established. Its mandatory members will be:

  • Municipal mayor
  • Chairman of the Municipal Council
  • Mayors of the villages in whose land wind turbines are planned to be installed
  • Representative of the investor company

The Board of Trustees will be able to choose from the proposed projects and initiatives those that are most impactful to the local community, and which can be financed by the company’s social program.