Enery signs a 15-year green power deal with Teva Bulgaria

Austrian renewable energy developer Enery has signed a 15-year Power Purchase Agreement (PPA) with Teva Bulgaria, the local subsidiary of Israel’s Teva Pharmaceuticals. Under the deal, Teva will annually secure 60,000 MWh of certified green energy to cover the needs of its two plants in Bulgaria (Dupnitsa and Troyan).

The contract foresees the construction of a 122 MWp solar park in Tsenovo, combined with two energy storage systems (70 and 130 MWh). The project is expected to cut CO₂ emissions by around 15,800 tonnes per year, supporting Teva’s target to reduce plant emissions by 46.2% by 2030.

“This agreement is another major step forward on our path to decarbonisation. We not only secure clean energy, but also increase grid resilience and flexibility,” said Josh Dector, VP for Global Environment, Health & Sustainability at Teva.

IDR Commentary

The Institute of Danube Studies (IDS) highlights that this deal has strategic importance for the wider Danube region, showcasing how private sector investment can drive the transition to renewable energy and integrated storage solutions.

• For Bulgaria: the project enhances energy security and supports the EU Green Deal.
• For the Danube region: it demonstrates a viable model for long-term corporate PPAs that can be replicated across Central and Eastern Europe.
• For Ukraine: this experience is valuable for post-war recovery, where similar PPA schemes could secure sustainable energy supply for industrial enterprises.

IDR stresses that the combination of renewables and storage is key to building a resilient energy system and ensuring successful integration of green power into the grid.