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Hungarian company Elmib is investing EUR 30 M in a photovoltaic park in Eastern Bulgaria.
The investment will be handled by Elmib Bulgaria, the Bulgarian subsidiary of Hungary's Elmib, announced Elmib CEO Peter Reicher, the Budapest Business Journal reported citing the Vilaggazdasag business daily.
Reicher told the newspaper that the company expects to complete the 15 MW solar park in the Eastern Bulgarian town of Sungurlare within a year and a half.
Once up and running, the electricity produced by the solar park will be fed into the Bulgarian national grid, thus saving 11 400 tons of carbon-dioxide emissions.
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