Programme: Recovery and Resilience Plan

YARIL KAVARNA Ltd. was established in 2022 for the purpose of investment in the construction of the "Yaril" PV power plant/BESS. The company's principal activity and project code is 35.11 "Electricity generation".

This investment proposal is aimed at overcoming the challenges associated with the transition to a climate neutral economy, and the overall objective is to increase the share of clean energy in Bulgaria's energy mix through the construction and commissioning of a combined renewable energy and storage project.

The above objective will be achieved through the implementation of the main project activity of the construction of a combined project for a new installed capacity of 3.15 MW for PV solar power plant "Yaril" and 1.45 MW for BESS.

The investment support for the storage facilities will provide the necessary equipment for the technical feasibility of the project. The implementation of the activity will achieve the following specific results:
- A combined PV power plant project "Yaril" with BESS will be constructed and commissioned in compliance with the "DNSH;
- Reducing annual carbon emissions from the electricity generation sector and increasing clean energy generation capacity;
- Increasing the share of electricity from RES and integrating RES generation capacity into the grid while ensuring the security and stability of the electricity system.

In view of the above results, it can be argued that the implementation of this investment proposal is fully consistent with the main objective of the procedure, the objectives of the NextGenerationEU, and leads to the achievement of the objectives and results of the "Low Carbon Economy" Component at the most adequate cost-benefit ratio.