We’re delighted to be working with our partners at Ecologi to fund innovative carbon offsetting projects around the world. Learn more about the Saint Nikola Wind Farm project.
The Saint Nikola Wind Farm project is located in the Municipality of Kavarna, Bulgaria and is designed to generate electricity through wind energy to displace fossil fuel-generated electricity.
Generating electricity from wind power is one of the most universally-recognised methods for producing renewable energy – and with advances in the technology making turbines cheaper and more efficient, a huge window of opportunity has opened up to decarbonise the energy sector.
The project is made up of 52 wind turbines with a capacity of 3MW each and reaching just under 150 metres each in height, and it covers a total area of 60 square kilometres (although only 6 hectares in total is used permanently for the operation of the wind farm). The wind farm’s careful design allows for the land to continue to be used as agricultural land by local landowners and farmers.
Through the provision of renewable energy to the grid, the project is projected to make emissions reductions of an average 244,224 tonnes of carbon dioxide equivalent per year, and will reduce emissions by up to 6 million tonnes of emissions over its 20-year lifetime.
The project provides local social impacts through the upgrade of local roads and the provision of jobs, both skilled and unskilled. Additionally, the project’s corporate social responsibility (CSR) program carries out a wide range of co-projects related to healthcare, education, culture, ecology and sport – all of which are financed to benefit the local community.
The above is taken from the original article on the Ecologi website which you can read here.
Project support ran between 1st September 2021 and 31st August 2022.