European Commission Grants Greece 1 Billion Euros for Renewable Energy Projects
With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece
Premier Power has officially announced it will build four photovoltaic (PV) power plants totaling 16.2 MW in the Southeastern Bulgarian town of Dimitrovgrad.
The projects represent a more than 75% increase in the country's solar capabilities since the beginning of 2011, when installed capacity was reported at approximately 21 MW.
The agreement is the result of a joint venture with European EPC firm Plaan Czech, s.r.o. Ranging in size from 3 MW to 5 MW, the installations are funded through a private investment company based in the Czech Republic.
Construction on the Bulgaria projects will begin this month. All four systems are scheduled for completion by the end of 2011.
Premier Power Renewable Energy is a solar power company providing solar panel systems for commercial, agricultural, industrial, government, utility and residential customers.
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