A consortium of Scandinavian investors offered to Bulgaria’s Economy and Energy Minister Petar Dimitrov to establish a joint venture to invest in renewable energy resources, infrastructure and residential property construction projects.

Most of the companies in the consortium were Danish, mediapool.bg reported.

Dimitrov approved of the idea, saying that Bulgaria’s participation in the possible new joint venture would be “under the guise of consultancy help aiming at environmental preservation”.

Bulgaria’s part in the company would also conform to the country’s long-term policy for tourism and infrastructure development, he said, as quoted by mediapool.bg.

The consortium will take part in the construction and optimisation of the country's infrastructure and will support Bulgaria in accessing European Bank for Reconstruction and Development financial resources and Danish manufacturers of wind turbines.

The companies envision 35 per cent of the wind park production facilities to be assembled in Bulgaria, thus creating jobs.

The same consortium has so far invested some one billion euro in various European countries, mediapool.bg said.