The project, which consists of one 20MW solar PV installation and one 25MW installation in the villages of Samovodene and Zlataritsa, is currently under construction with almost 5MW already completed.

NEOptions participated in the preparation of the solicitation materials, project description and initial engineering in order to attract a viable investor for the PV project.

NEOptions president Angelina Galiteva said that large scale renewable energy development projects, especially in new EU countries where there is no track record and experience in the construction and operation of such facilities, is especially challenging, and it takes a great deal of work to put the right partnerships and structures together to ensure the success.