News

Bosch sells five solar parks for EUR 10 million

Published

July 12, 2015

Comments

comments icon

0

Share

Published:

July 12, 2015

Comments:

comments icon

0

Share

Businessman Nedko Mladenov’s company BCI bought five photovoltaic parks near Kazanlak in Bulgaria from Bosch Solar Energy for EUR 10 million, Capital.bg reported. He is the head of BCI Kazanlak Holding, which used to manage the facilities. The solar power plants of 4.98 MW each have been connected to the grid since July 2, 2012. The deal was concluded in April, with a EUR 10 million loan from Investbank, even though the value of the shares was symbolic, documents filed to the Commercial Register show, the article says.

Original intention of Bosch Solar Energy is to participate only as a subcontractor of solar energy projects in Bulgaria, according to statements of the company’s representatives to the media. However, it financed the five projects and has been trying to sell them since they were constructed. The company manufactures solar panels and has offices in Australia, India and the United States. Acquired businesses had an annual turnover of just over BGN 8 million (EUR 4.09 million) in 2013, documents show. Assets are estimated at EUR 35.81 million.

Transactions in the sector are rare, because the environment is very uncertain, the article said.

Related Articles

Gas power plant Brestanica Slovenia photovoltaic unit

Gas power plant Brestanica in Slovenia adds photovoltaic unit

11 June 2025 - A 466 kW solar power plant entered regular operation at Slovenian state-owned gas power plant Termoelektrarna Brestanica (TEB)

slovenia krsko 2 nuclear power plant study youth for climate justice

Krško 2 nuclear project not profitable for private investors but state could find motive – study

11 June 2025 - Slovenian NGO Youth for Climate Justice has conducted what it claims to be the first independent economic study on the Krško 2 nuclear project

croatia european commission electricity prices firms renewables semester zagreb

Brussels to Croatia: Boost renewables, flexibility for cheaper industrial electricity

11 June 2025 - The European Commission issued recommendations for Croatia under the 2025 European Semester: Spring Package

EDPR reportedly exiting Greece all power plants projects on sale

EDPR reportedly exiting Greece as all power plants, projects are on sale

11 June 2025 - EDP Renewables (EDPR) is about to divest of all its assets in Greece and leave next year, according to the domestic media