GS-Solar plans to build a panel factory in Bulgaria
Chinese solar panel manufacturer GS-Solar plans to invest in a new manufacturing plant in Bulgaria, the government in Sofia announced.
GS-Solar CEO Chao Hui Lin met with prime minister Boyko Borissov and his deputy Tomislav Donchev in Sofia to discuss investment opportunities, the Bulgarian media reported.
GS-Solar produces thin film solar modules based on amorphous silicon technology. It offers thin-film terrestrial photovoltaic modules.
The company serves large-scale solar power plants, government-sponsored energy projects, and electric utility companies, as well as systems integrators, project developers, and solar product distributors in Europe and around the world.
Representatives of GS-Solar visited Bulgaria as part of a broader delegation of Chinese companies, including the Alibaba Group. This Internet giant wants to create a logistics center in Bulgaria to serve their orders throughout Europe. After the meeting, prime minister Borisov said that his government will work to create a better business climate and stimulate investments.
According to the study commissioned by the European Climate Foundation, investments into solar energy in that country have stagnated for the last two years. Bulgaria had abolished the previously approved feed-in tariffs and introduced grid access fees for producers of solar and wind power.