N. Macedonia inks contracts with Bulgaria's Solarpro, Turkey's Fortis for 100 MW solar park project

Jun 18, 2021 02:58 PM ET
  • North Macedonia's federal government stated it has actually signed contracts with Bulgarian solar energy group Solarpro Holding [BUL:0 S8] and Turkish Fortis Energy Electric for the building and construction of photovoltaic nuclear power plant of combined 100 MW worth 70 million euro ($83.6 million).
N. Macedonia inks contracts with Bulgaria's Solarpro, Turkey's Fortis for 100 MW solar park project
Image: Solarpro

Each of the companies will certainly develop one solar powerplant with a mounted capability of 50 MW at the place of an old mine in Oslomej as part of a public-private partnership (PPP) with state-owned electrical energy firm ESM, the federal government said in a declaration on Wednesday.

The capitalists will open 100 brand-new jobs in overall.

The agreements have a 35-year term, after which the possession of the solar parks will certainly be transferred to ESM, ESM general supervisor Vasko Kovachevski claimed in the statement.

Under the PPPs, ESM will get 18.510% of the power created by Fortis Energy Electric and also 18.010% of the power created by Solarpro's plant, according to an earlier declaration.

Solarpro expects to get to over 80 MW set up capability in North Macedonia in 2 years, Alexander Petreski, CEO of Solarpro's unit in North Macedonia said earlier, noting that the company provides over 450 business in North Macedonia with electrical power.

In 2020, Solarpro won a tender for the building of a solar power plant of 10 MW in the town of Manastirec, Makedonski Brod.

Established in 2007, Solarpro Holding uses over 1,000 individuals. In many East Europen nations, Solarpro runs complete renewable resource platforms, with over 150 MWp very own projects in building and 500 MWp + projects in development. The business is a leader in providing long term PPA's (Power Purchase Agreements), long term lease agreements for SaaS (Solar as a Service) and also various other solutions for company sourcing of green energy and also boosting ESG (Environmental, Social as well as Governance) scores.

As a basic professional and construction services provider, Solarpro Holding group is a worldwide player with over 3000 MWp of installed capacity PV projects, finished on five continents to day. Specifically solid is the presence with building and construction services on several of the key EU markets - the Netherlands, Germany, France as well as Portugal.