Italian consortium to build first solar panel factory in Bulgaria

Italian company EXE Solar will build the first solar panel factory in Bulgaria. The location for the plant is in the industrial zone in Yambol and the investment is estimated at EUR 6.5 million.

An Italian consortium will build the first solar panel factory in the country in the Yambol industrial zone, the southern region’s Governor Georgi Chalakov revealed and said photovoltaic module manufacturer EXE Solar is the investor. The project is valued at EUR 6.5 million. The construction is scheduled to begin in April 2023, and the plant is expected to become operational by the end of the next year.

The facility’s initial capacity will be 300 MW, and later it will increase to 600 MW, project leader Plamen Komitov announced, the Bulgarian News Agency reported.

The factory is set to employ 50 people, mostly IT specialists and engineers

Bolzano-based EXE Solar bought 1.1 hectares of land in the Yambol industrial zone for EUR 200.000. It said it would hire 50 people, mainly IT specialists and engineers, and added that the production would be almost entirely robotic.

The investors will seek assistance and cooperation from the Faculty of Engineering and Technology of the University of Thrace in Yambol for staff training, the article adds.

The company intends to build a solar park, too, BNR learned and also reported that it is planning to buy 60 hectares of municipal land on the city’s outskirts for the purpose.