Profine completes preliminary research studies for big floating PV park in Bulgaria

• German company Profine Energy GmbH stated Tuesday it has actually successfully finished the initial phase of an economic and also technical assessment for a prospective floating photovoltaic (PV) park at Ogosta dam in northwestern Bulgaria.

The firm, a joint venture in between Profine Group as well as Wirth Gruppe, included it intends to construct a factory for floating components near the city of Montana, investing over BGN 50 million (USD 28.2 m/EUR 25.6 m).

Profine Energy better plans to purchase the region's advancement as well as shielding nature as well as aquaculture in the dam.

The entire financial investment, including the solar park and also fixings of the dam wall surface, could reach EUR 1 billion, the company estimates.

"The outcomes of the initial assessment of the project are positive," said Krum Vasilev, a Profine Energy representative for Bulgaria, including that the financial investment might enhance the neighborhood economic situation and develop jobs in this northwestern region of Bulgaria.

According to a previous news, the floating solar park could have a capacity of between 500 MW as well as 1,500 MW.