Dear colleagues, partners, friends,
We are happy to announce that the Council of Ministers has approved a Memorandum of Understanding between the Government of the Republic of Bulgaria and Smart Solar Technologies AD , part of our Smart Solar , for the implementation of a priority investment project for the construction of a new factory for the production of solar panels and cells. We will build the enterprise in the village of Elenino, Stara Zagora municipality, on land that is part of the second stage of "Industrial Zone Zagore" JSC.
The investment in the new plant amounts to BGN 240,000,000. It will be built by Smart Solar Technologies AD, and its production of photovoltaic panels and cells will be based on high-tech production. The production of photovoltaic panels and cells will be differentiated into separate sectors with almost fully automated assembly lines.
The area of the plot on which the new "green" plant will be built is 126,933 m 2 . All buildings will be energy efficient and ecologically compliant with the green transition. The project envisages the prevention of the release of harmful gases or pollution of waste water - zero gas footprint during production.
The production premises – for solar cells and panels, will be equipped with machinery and equipment in two stages. It will first start production of panels in the amount of 900 MW in the second year of the investment, and in the third year the production of cells in the amount of 800 MW.
The factory for photovoltaic panels and cells, the construction of which is planned in the region of Stara Zagora is a large-scale project that is expected to open more than 800 new jobs. In addition to improving the economic condition of the region and its investment climate, Smart Solar Technologies' investment will also lead to sustainable development, stimulating the progress of renewable energy sources (RES) and "green" energy.
Photo source: Smart Solar, ©Engineer.BG via Canva.com
