P2 Solar to Construct 7.3MW Solar Plant in Bulgaria

14 July 2011 (Last Updated July 14th, 2011 18:30)

P2 Solar has signed an option agreement worth $76.5m for the construction of a 7.3MW solar farm in Bulgaria. The project will be constructed on 35 acres of land in south-western Bulgaria near the Greek border. P2 Solar said all the permits required for the construction of th

P2 Solar has signed an option agreement worth $76.5m for the construction of a 7.3MW solar farm in Bulgaria.

The project will be constructed on 35 acres of land in south-western Bulgaria near the Greek border.

P2 Solar said all the permits required for the construction of the plant have been acquired and it has also signed a 20-year power purchase agreement.

The company recently appointed a Bulgarian consultant who has been working with management to identify potential solar projects.