Credentials

We proudly turn expertise into action, delivering successful deals for our clients. Below is a selection of our work.

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All services

Showing 43 of 43 projects

Tessa Green Energy

Capacity: 70 MW

Project finance for a 70 MW wind project in Northwestern Bulgaria.

Year of completion: 2026

Status: Project completed

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Project Svetlina

Confidential

Capacity: 90 MW

Financial model for a utility-scale PV plant alongside a co-located BESS

Year of completion: 2026

Status: Project ongoing

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Sakar

Confidential

Capacity: 150 MW

Full-scope sell-side M&A services for a portfolio of 90 MW solar and 150 MW BESS

Year of completion: 2026

Status: Project ongoing

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Doral Group

Confidential

Capacity: 70 MW

Financial model for a 70 MW utility-scale PV plant alongside a 180 MWh co-located BESS in Central Bulgaria

Year of completion: 2026

Status: Project completed

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Astroenergy

Capacity: 90 MW

Financial model for a utility-scale PV plant alongside a co-located BESS in Northern Bulgaria

Year of completion: 2025

Status: Project completed

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Optimus Energy

Preparation of a market analysis of the Bulgarian BESS sector, including a legal and a competitive landscape assessment

Year of completion: 2025

Status: Project completed

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Terna Energy

Capacity: 100 MW

Financial model and investment deck for a utility-scale PV plant alongside a co-located BESS in Romania

Year of completion: 2025

Status: Project completed

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Terna Energy

Capacity: 50 MW

Financial model and investment deck for a utility-scale PV plant alongside a co-located BESS in Romania

Year of completion: 2025

Status: Project completed

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Bio PD Solar Energy EOOD

Capacity: 130 MW

Feasibility study, financial model and investment presentation to secure financing for a co-located Battery Energy Storage System (BESS).

Year of completion: 2025

Status: Project completed

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Smart Energy Group

Capacity: 300 MW

Feasibility study, financial model, and investment presentation for a portfolio of co-located solar and BESS projects.

Year of completion: 2025

Status: Project completed

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IPS

Financial model and presentation for a capital raise of a BESS production facility.

Year of completion: 2025

Status: Project completed

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Nikos Hranengineering LTD

Strategic financial advisory for a Bulgarian food engineering company. The engagement encompassed a full financial and operational review, development of a 3-to-5-year business plan with market and segment-level analysis, design of a KPI reporting framework (weekly, monthly, and quarterly), assessment and renegotiation of the company's debt financing structure, and preparation of materials for banking partners to secure optimized capital.

Year of completion: 2025

Status: Project completed

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Sofiiska Banitsa

Cost analysis and optimization for a leading bakery company in Bulgaria. The engagement included an in-depth review of cost formation for the top 10 products, development of a planning and costing system for target cost benchmarking.

Year of completion: 2024

Status: Project completed

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S.O.L. Grids

Confidential

Capacity: 600 MW

Financial analysis and negotiation of acquisition terms for a portfolio of renewable energy projects in Bulgaria, including 600 MWp of solar and 200 MWp of wind capacity.

Year of completion: 2024

Status: Project completed

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Confidential

Sell-side M&A advisory for a leading Bulgarian packaging manufacturer. Our team conducted a comprehensive operational and financial analysis, built a detailed financial model with valuation under multiple methodologies, prepared an investment memorandum, and led a structured investor outreach process engaging strategic and financial investors across Europe.

Year of completion: 2024

Status: Project completed

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Lufthansa Technik Sofia

Advised Lufthansa on structuring and securing its first green PPA, aligning with sustainability goals, optimizing costs, and ensuring long-term renewable energy supply for operations.

Year of completion: 2024

Status: Project completed

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El Ex Corporation

Capacity: 80 MW

Comprehensive financial modeling and analysis of return on investment under various scenarios for a stand-alone BESS strategy—two parallel projects.

Year of completion: 2024

Status: Project completed

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Niki Rotor Aviation

Confidential

Comprehensive M&A advisory engagement including independent business valuation (DCF and multiples-based) and end-to-end transaction management — from buyer identification and preparation of marketing materials (teaser, information memorandum) through due diligence coordination, deal structuring and negotiation support.

Year of completion: 2024

Status: Project completed

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Solar Exarh

Confidential

Capacity: 0.60 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, O&M, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2024

Status: Project completed

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Solar TT

Confidential

Capacity: 0.40 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, O&M, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2024

Status: Project completed

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Vida energy

Confidential

Capacity: 1 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, O&M, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2024

Status: Project completed

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MVII Capital LLC

Guided a US-based family office through the terms and conditions of the Limited Partnership Agreement, conducted due diligence on the renewable energy portfolio, analyzed the return profile across various scenarios presented by the fund, and led the transaction through structuring, negotiations, and final closing.

Year of completion: 2024

Status: Project completed

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Trohalo park

Capacity: 4 MW

Preparation of a financial model and a presentation, selection of an EPC contractor and negotiation of financing for a project in Western Bulgaria.

Year of completion: 2024

Status: Project completed

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Partners 4U

Capacity: 1 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, PPA, O&M, EU grant coordination, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2023

Status: Project completed

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IPS

Financial model and presentation to showcase the advantages of using our client’s product in RES projects, located in harsher environments.

Year of completion: 2023

Status: Project completed

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AF Holding

Capacity: 250 MW

Preparation of a financial model and a presentation for a solar power plant and a storage system located in the Western Balkans.

Year of completion: 2023

Status: Project completed

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Coin Consult

Capacity: 1.30 MW

Preparation of a financial model and a presentation for a solar power plant and a storage system located in Bulgaria.

Year of completion: 2023

Status: Project completed

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Kaloyanovo

Confidential

Capacity: 91.57 MW

Review and recommendations on the financial model for a solar power plant located in Bulgaria. The review was requested by a leading financial institution as part of their debt screening process.

Year of completion: 2023

Status: Project completed

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Метизи АД

Capacity: 10 MW

Preparation of a financial model and a business plan, including for a licence from the national regulator; liaising with different due diligence providers – technical and legal – on behalf of the client.

Year of completion: 2023

Status: Project completed

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DMT – project Varna

Capacity: 5 MW

Preparation of a financial model and a business plan for a photovoltaic park with a storage system and a hydrogen production system located on an ash pond of a thermal power plant.

Year of completion: 2023

Status: Project completed

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ABDS Invest

Capacity: 5 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, O&M, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2022

Status: Project completed

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Solar Bulgaria

Capacity: 3 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, PPA, O&M, EU grant coordination, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2022

Status: Project completed

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First Trading

Capacity: 1 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, PPA, O&M, EU grant coordination, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2022

Status: Project completed

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TIS Group

Capacity: 1 MW

Providing end-to-end services to make the project bankable, including contract structuring, EPC selection, PPA, O&M, EU grant coordination, project financing, financial modeling, marketing materials, and senior debt sourcing.

Year of completion: 2022

Status: Project completed

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Evolink

Sell-side advisory on 60% of the shares of Evolink AD to DHH Group.

Year of completion: 2021

Status: Project completed

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euShipments

Exclusive financial advisor to euShipments on attracting growth capital from BlackPeak.

Year of completion: 2021

Status: Project completed

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Fresh Logic

Assessed debt capacity, managed end-to-end lender engagement from business plan preparation through due diligence and loan approval, and monitored asset performance post-closing.

Year of completion: 2020

Status: Project completed

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Green Forest Project

Confidential

Capacity: 8.50 MW

Advised on optimal capital structure, managed the full financing process from lender engagement and due diligence through to loan approval, and maintained ongoing lender communication and plant performance monitoring.

Year of completion: 2020

Status: Project completed

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Rigana

Buy-side advisor to a majority shareholder on the optimal deal structure and legal agreements.

Year of completion: 2020

Status: Project completed

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Bella

Buy-side advisor to a majority shareholder on a cross-border acquisition, leading the due diligence process and developing the acquisition business plan.

Year of completion: 2020

Status: Project completed

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ABO Wind

Capacity: 4 MW

Structured a non-recourse project financing, developed a comprehensive financial model, and negotiated a temporary loan restructuring with lenders.

Year of completion: 2020

Status: Project completed

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Finer Group

Capacity: 8 MW

Developed a detailed financial model, conducted risk analysis and debt capacity assessment, structured non-recourse project financing through to full disbursement, and monitored ongoing project performance.

Year of completion: 2020

Status: Project completed

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SunEdison

Capacity: 61 MW

Supported syndicated deal structuring through risk analysis, debt capacity assessment, financial model review, loan documentation negotiation, and ongoing covenant compliance monitoring.

Year of completion: 2020

Status: Project completed

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