Renewables

Italian consortium to build first solar panel factory in Bulgaria

Italian consortium to build first solar panel factory in Bulgaria

Photo: Flash Dantz from Pexels

Published

November 23, 2022

Country

Comments

comments icon

0

Share

Published:

November 23, 2022

Country:

Comments:

comments icon

0

Share

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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

belgrade energy forum bef 2025 western balkans region cooperation

BEF 2025: Regional cooperation can facilitate energy transition, energy security

22 May 2025 - Belgrade Energy Forum featured representatives from the governments of Montenegro, Croatia, Hungary, the Republic of Srpska, and Serbia, and from UNECE

new york equinor empire wind

Equinor resumes New York offshore wind project of 810 MW after stop-work order lifted

21 May 2025 - The project's first phase, the 810 MW Empire Wind 1, is expected to generate electricity for some 500,000 homes in New York

eu renewable green hydrogen subsidies

EU awards nearly EUR 1 billion in subsidies to renewable hydrogen projects

21 May 2025 - The subsidies for renewable hydrogen were awarded via the second auction organized by the European Hydrogen Bank (EHB)

Romania commission offshore wind study 3 GW 2035

Romania to commission offshore wind study, targeting 3 GW by 2035

21 May 2025 - Romania is receiving expressions of interest for a study identifying areas in the Black Sea for concessions for offshore wind farms