INTERVIEW - Portugal's Efacec Expects 1.9 Mln Euro Annual Income from Solar Project in Bulgaria

Portuguese energy company Efacec expects 3.8 million levs ($2.8 million/1.9 million euro) annual income from a 13 million euro solar park it recently launched in Bulgaria, a senior company official said on Wednesday.

The solar park in Bezmer, in southern Bulgaria, has an output of 4.0 megawatts (MW) and the expected yearly production is 5,480 megawatthours (MWh), Rui Cardoso, Efacec regional manager for Central Europe, told SeeNews in an e-mailed statement.

Apart from the solar park in Bezmer, Efacec is developing near Kaolinovo, in the northern part of the country, a wind project in partnership with a Bulgarian company and is finalising negotiation to acquire some photovoltaic projects, Cardoso also said.

"Besides these, Efacec is also currently bidding for the construction of other photovoltaic projects to several investors," he added, without providing further details.

Cardoso explained that the company has chosen Bulgaria for its projects as the geographical conditions in several areas in the country are quite favorable for developing solar and wind projects.

"The fact that the lev is stable to the euro is also advantageous when we consider an investment where income is paid in levs but most of the equipments are paid in euro," Cardoso said.

A third reason is the clear legal frame and the stable situation in the country, he added.

($= 0.6965 euro)

Choose your newsletter by Renewables Now. Join for free!