Renewables

Solarpro, GreenYellow start strategic partnership with 4 MW PV plant for Solvay

Solarpro, GreenYellow start strategic partnership with 8 MW PV plant for Solvay

Photo: Solarpro

Published

July 28, 2021

Country

Comments

0

Share

Published:

July 28, 2021

Country:

Comments:

0

Share

Bulgaria’s photovoltaic group Solarpro and GreenYellow, French solar project developer, have announced the start of a large-scale strategic co-investing partnership in on-site self-consumption solar power plants in Eastern Europe.

The first joint project of Solarpro and GreenYellow will be a 4 MW photovoltaic power plant for the Bulgarian subsidiary of Belgium-based chemical company Solvаy. Estimated annual production is 5.3 GWh.

The two companies plan to install at least 100 MW of solar facilities in Eastern Europe

The PV power plant will be built on an industrial land plot belonging to Provadsol, Solvаy-Sodi’s subsidiary in Bulgaria. It would operate on the basis of a solar-as-a-service (SaaS) agreement. Solarpro said it would develop, build and operate the unit for GreenYellow as the lead investor.

The two companies revealed a plan to install at least 100 MW of solar facilities in Eastern Europe by 2025. Solarpro was recently selected by the Government of North Macedonia to install a 50 MW solar power plant.

There is growing interest for solar-as-a-service deals, and PPAs

“The self-consumption PV plants for self-consumption and SaaS are the most attractive part of the energy transition. We have already successfully completed similar projects with other commercial and industrial groups in the region. Partnering with GreenYellow will scale up all necessary resources – human capital, technical experience and funding to accomplish, in near future, at least 100 MWp in Eastern Europe”, said Konstantin Nenov, CEO of Solarpro.

He added the the price hikes on the energy markets have catalyzed the interest for SaaS, but also for power purchase agreements (PPAs).

“With this strategic partnership with Solarpro, GreenYellow continues its international expansion, in line with its strong growth ambitions. Thanks to this partnership, we aim to develop 100 MWp of installed capacity by 2025,” said Otmane Hajji, CEO of GreenYellow.

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

Turkey world fifth highest arch dam hydropower plant

Turkey completes world’s fifth-highest arch dam with hydropower plant

28 November 2022 - The Çoruh river is now filling the reservoir at the 558 MW Yusufeli hydropower plant and arch dam, the world's fifth-highest of its kind

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Four times more installed power plants in North Macedonia in 2022

North Macedonia’s regulator issues 200 licenses for renewable electricity plants in 2022

25 November 2022 - The Energy and Water Services Regulatory Commission issued 200 licenses this year for electricity production from renewable sources