Opening of Wind park Kardam in Bulgaria

With total installed “green” energy capacity of 12,6 MW this project is another important step towards the achieving of the national aim of Bulgaria of 16% share of the renewable energy in the total national consumption of electric energy in 2020.
This wind park is the pilot project of the investment pipeline of SIH in Bulgaria. The total capacity of planned power amounts to 150 MW. Except the construction of wind parks, SIH and Technomash plan as a further step of their cooperation, to begin the production of towers and equipment for wind generators in Bulgaria, which would create employment, would attract foreign investments and last but not least would be the first such undertaking in our country.

The total investments in project Kardam amount to 23 million EUR. The project is finances with equity of SIH and funded by two banks in Bulgaria: MKB Unionbank AD and DSK Bank EAD, which in the crisis year 2009 trusted us and Wind park Kardam was the only new wind park in Bulgaria which received project financing during the last year. We will emphasize again that during the crisis this project supported many Bulgarian companies assigning construction and installation works for more than 6 million EUR. Except the purely financial impact, this project is important for the experience and self-confidence, which the Bulgarian companies acquire, as well as the trust of their foreign partners.

Stream Invest Holding AG (SIH) was founded in 2004 as a company investing on an international basis in the renewable energy sector, with main focus on the wind energy. The company operates in 8 European countries through international network of subsidiaries and partner companies, assuring everything necessary for their operative activity. The strategy of the company is the creation of entirely new subsidiary network, as well as the investments in existing companies and agreements with competent partners.


As a main contractor and supplier of the equipment Technomash ensured the turn-key construction of the project, including all construction works, transport, installation, completing of the electrical and optical parts, testing, commissioning and maintenance of equipment, as well as the construction of the grid connection facilities.

SIH and Technomash are proud of their mutual success and the experience acquired with this project and both companies are already looking forward to their future cooperation. At present the companies prepare the realization of the next energy projects in Bulgaria.