The Bulgarian-German firm AE Photo voltaic Horizon has submitted an utility to Kyustendil metropolis authorities for the development of a manufacturing unit to supply photo voltaic panels, based on officers from the Bulgarian metropolis.
The funding in AE Photo voltaic Horizon, the primary within the Kyustendil industrial zone, is estimated at BGN 20 million (EUR 10 million), mayor Petar Paunov mentioned.
The anticipated manufacturing unit capability for Tier-1 photovoltaic panels is 1 GW. The beginning of development is deliberate for the summer time, with completion focused in 18 months, native media reported. The ability will span 1.2 hectares, and can create 100 jobs. All of the electrical energy within the manufacturing unit shall be equipped by hydropower vegetation.
The investor plans to donate 100 kW of photo voltaic panels to native authorities yearly
In response to Paunov, the investor plans to donate 100 kW of photo voltaic panels to native authorities yearly, and to make sure further advantages to residents. Technical documentation for photo voltaic panels for all public buildings shall be funded and ready by the investor.
An incubator for photo voltaic power start-ups shall be created and free coaching organized for photo voltaic panel installers. Each citizen of the municipality who’s thinking about putting in PV panels shall be given an interest-free lease, mentioned Paunov.
The manufacturing unit in Bulgaria is considered one of three deliberate within the Balkans by AE Photo voltaic Horizon, to be in-built 2022. The opposite two shall be situated in Greece and North Macedonia, based on a press launch by the funding fund New Imaginative and prescient.
AE Photo voltaic Horizon plans to construct three factories within the Balkans
AE Photo voltaic Horizon obtained preliminary capital of EUR 3.5 million from Bulgarian enterprise capital fund New Imaginative and prescient 3, which offered EUR 1 million, German photo voltaic producer AE Photo voltaic GmbH, which contributed EUR 2 million, and Bulgarian engineering firm ELIA, with EUR 500,000.
In September 2022 German firm AE Photo voltaic introduced an funding in North Macedonia.
A yr later it additionally introduced an funding close to town of Plovdiv in Bulgaria, and a venture in Kayseri, Turkey.
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