Enery, a leading independent power producer in Central and Eastern Europe, and Coca-Cola HBC Bulgaria EAD, one of the largest beverage producers in the country, have signed a long-term physical Power Purchase Agreement (PPA) for the supply of renewable electricity from Enery’s Knizhovnik hybrid power plant in Bulgaria.
Under the agreement, Enery will supply Coca-Cola HBC Bulgaria with locally generated renewable electricity annually based on a fixed solar generation profile.
The agreement marks the second corporate PPA secured for Enery’s Knizhovnik hybrid project, demonstrating how large-scale renewable assets combining solar generation and battery storage can support the different energy needs of major industrial and commercial consumers.
“Long-term PPAs create lasting value when they bring together competitive energy sourcing, long-term predictability and measurable decarbonization progress. Coca-Cola HBC Bulgaria EAD has demonstrated a strong leadership in reducing its operational footprint, and we are proud to support that journey with locally generated renewable electricity. What makes Knizhovnik truly standout is its innovative commercial design: by co-locating utility-scale solar with BESS and layering multi-offtaker structures, we optimize portfolio generation, capture flexibility, and deliver tailored risk-managed energy solutions to diverse corporate partners,” said Severin Vartigov, Chief Commercial Officer at Enery.
The PPA further supports Coca-Cola HBC’s wider commitment to reducing emissions across its operations and value chain and achieving net zero emissions by 2040. By securing renewable electricity through a long-term PPA, Coca-Cola HBC Bulgaria strengthens the link between its energy procurement strategy and the development of new renewable generation capacity in the country.
“Our Group’s NetZeroby2040 commitment requires action across every part of our business. By securing renewable electricity from a local source, we are reducing the carbon footprint of our operations and supporting the development of Bulgaria’s renewable energy sector. We are proud to partner with Enery on this important step in our decarbonisation journey,” said Chavdar Chorbadzhiyski, Supply Chain Director at Coca‑Cola HBC Bulgaria.
The electricity contracted under the PPA will come from Enery’s Knizhovnik hybrid power plant, located near Haskovo in southern Bulgaria. The project combines a 122 MWp photovoltaic power plant with two battery energy storage systems with capacities of 70 MWh and 130 MWh, respectively. The power plants generate approximately 200 GWh of renewable electricity annually, equivalent to the annual electricity consumption of almost 50,000 households.
The integration of battery storage adds flexibility to the project, allowing renewable electricity generation to be managed more efficiently and supporting the wider integration of solar power into Bulgaria’s electricity system.
About Enery
Enery is an independent power producer committed to providing its customers with reliable, affordable, and long-term green energy solutions. The company operates a diversified portfolio with 2 GW under construction and in operation, generating 1,095 GWh of clean electricity annually – enough to power more than 1,002,121 households, while avoiding approximately 625,069 tonnes of CO₂ emissions each year. With a project pipeline of nearly 10 GW across 10 countries in Central and Eastern Europe, Enery is playing a major role in advancing the energy transition in the region. In addition to developing, constructing, and operating renewable energy projects, Enery is also a leader in optimizing revenue streams for utility-scale generation and storage assets, managing 8.5 GWh of third-party battery storage capacity. Enery supplies industrial customers with around-the-clock green energy and is among the leading providers of corporate green PPAs in the region.
About Coca-Cola HBC Bulgaria
Coca-Cola HBC began its operations in Bulgaria in 1992 and has since established itself as the country’s largest beverage producer and one of the leading investors in the local economy, with a team of more than 1,000 employees. The company operates two production plants – in Kostinbrod for soft drinks and in Bankia for mineral water – which this year celebrate 30 and 20 years of operation, respectively.
With a vision to be the leading 24/7 beverage partner, Coca-Cola HBC Bulgaria offers a broad and diverse portfolio for different occasions and consumer needs. The company produces and sells some of the world’s most popular beverage brands, including Coca-Cola, Fanta, Sprite and Schweppes, while continuing to expand its portfolio of premium spirits and coffee.
Coca-Cola HBC Bulgaria creates long-term value for the Bulgarian economy and local communities, combining business growth with a commitment to its people and sustainability. According to a 2025 socio-economic impact study, The Coca-Cola System in Bulgaria, comprising five companies, generates €623 million in added value, equivalent to 0.6% of the country’s GDP. In 2026, the company received numerous recognitions for its employer strategy, talent development and contribution to society, including awards from the Employer of Choice Awards, Employer Branding Awards, the Bulgarian Association for People Management and the Bulgarian Business Leaders Forum.
Media contact:
Enery Press Office
press@enery.energy