Fri, Feb 10 2012

Austrian KIOTO - Photovoltaics to build 25M euro solar energy park in Tervel

Thu, Aug 06 2009 18:08 CET

byNick Iliev

3788 Views 2 Comments
Austrian KIOTO - Photovoltaics to build 25M euro solar energy park in Tervel

The Austrian company KIOTO - Photovoltaics will build a solar park in Tervel with a five megawatt capacity, the construction of which will start by the end of 2009. By mid-2010, the park is poised to be connected to the municipal electric grid of Tervel, investor.bg has reported.

Photovoltaics Tervel 1, a subsidiary of KIOTO – Photovoltaics Austria, will invest 25 million euro in the facilities and auxiliary equipment, which will be built on a 30ha parcel on municipal land.

The Austrian frim is amongst the largest solar energy producers in Europe. Construction will employ about 50 people from the region, but it was unclear how many permanent jobs would be created once the enterprise was complete.

Tervel Municipality is earmarked to receive a fixed share for every MWh of solar energy produced for the next 30 years, according to the contract, as quoted by investor.bg.

Photovoltaic projects in Bulgaria have become increasingly popular in recent years. A substantially larger plant is also under construction in Pleven, a project which will cost more than 200 million leva and would produce both solar and wind energy.


Source:propertywisebulgaria.

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous Sophia Thu, Jan 06 2011 14:25 CET
Report Comment

The efforts taken by the Austrian company KIOTO for constructing the solar energy park is most recommendable. I hope many international organizations should inculcate more interest and invest more in the solar sector for a brighter tomorrow. I also recommend the readers to visit the website investmentsinenergy.com, since this website will give plenty of details regarding the solar energy sector.

Anonymous Ivan Krastev Wed, Dec 16 2009 15:17 CET
Report Comment

We are Bulgarian company which is owner of 5 solar projects situated in Bulgaria with total license for 20 MW. These projects are for sale.
Should you be interested in our offer, please do not hesitate to contact us.
Ivan Krastev - owner
manager.perfectchoice@gmail.com
+359898422222
+359878206143


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

AES Geo Energy wind park in Kavarna linked to grid on October 6

The wind park consists of 52 turbines with a total electric output of 156 megawatts, and it set to produce up to 340 gigawatts annually

12.6M leva investment in new hydropower stations

Sofia Municipality contemplates on alternative energy source – solar panels, electric production, biomass and carbon trading as part of the long term 2009-2013 alternative energy efficiency programme

Small Bulgarian town to invest in solar energy for street lighting

The north-Bulgarian town of Kaynardzha has announced plans to invest in the development of a street lighting system powered by solar energy.

Construction starts on solar panel installations in Doupnitsa

The solar panels, costing more than 400 million euro, will be operational by the beginning of 2010, offering an alternative in energy diversification and creating employment in the region of Doupnitsa.

More in this category

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

Bulgarian property market: Home finance easier, media report says

Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.

Bulgarian property prices ‘have hit bottom’ brokers say – report

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.

Budapest, Skopje at top among ‘Europe’s top 20 places to invest in property’

Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.