Dutch to Invest in Bulgarian Solar Power Park

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Global Bioenergy Industry News

Thursday, March 31, 2011

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Dutch to Invest in Bulgarian Solar Power Park

BULGARIA - Dutch company Infinity Energy Holding AG will invest EUR 50 M in a solar power installation near the Bulgarian town of Devnya, near the Black Sea city of Varna.

The announcement was made on Friday, 25 March, by the Chair of the Management Board of the company, Tjalling Halbertsma, after a meeting with the governor of the Varna district, Dancho Simeonov.

RenewableEnergyWorld.com reports that at present, the company is building the first part of the installation, which is expected to have a power of 5 MW. It has to be completed by the end of the year. In Bulgarian, Infinity energy Holding AG has contacts and is working with the company Solarpro. In Halbertsma's words, the construction of the second part of the solar park, which will have a power of 10 MW, will begin after the Bulgarian Parliament adopts the law which defines the rates for sale of electricity from solar installations.

He also said that his company is interested in building wind farms in Bulgaria as well.

The interest in Renewable Energy and in specific PV has been steadily growing for a number of years in the Balkan region. This region will continue to develop, and present opportunities for local and international businesses. A strong will to become less depended on fossil fuels is driving the market development.

TheBioenergySite News Desk