Premier Power will be adding to its installed capacity portfolio with a recent deal that will see the company build four PV power plants, which will total 16.2MW, in Dimitrovgrad, Bulgaria. The projects stem from a joint venture with European EPC firm Plaan Czech and will see Premier Power construct plants ranging in size from 3MW to 5MW. Although the value of the deal was not disclosed, the company advised that the installations are funded through a private investment company based in the Czech Republic.
“These projects underscore Premier Power’s unparalleled ability to rapidly respond to dynamic economies and shifting renewable energy policies in emerging and established markets around the world. Our previous successes in Eastern Europe – a region few others have been able to effectively penetrate – are now enabling us to capture significant market share in Bulgaria,” said Bjorn Persson, executive vice president of European operations at Premier Power. “We look forward to building our presence in Bulgaria as the country aggressively targets its goal of reaching 16% renewable power by the year 2020.”
While it is not clear what type of modules will be used on the solar systems, Premier Power noted that construction on the projects is set to begin this month with all four systems scheduled for completion by the end of the year.