Euro Solar Parks Inc has completed its first acquisition of two strategic land resources, located in the Karlovo Municipality of Bulgaria, for the development of solar power plants with generating capacity of up to 0.7MWp.

The company acquired the land resources of about 11,560sqm through the acquisition of 100% of the membership interest of the Bulgarian consulting and development firm Foreign Support and Consulting (FSC).

FSC initially acquired the land resources in October 2010 with the purpose to commercially develop the property by transforming the land resources into industrial status.

Euro Solar Parks president and CEO Dimitrios Argyros said that the company is well positioned for a year of aggressive growth through the land acquisition in Bulgaria, which is an advantage for the development of commercial solar energy plants.

"We will also continue our strategy of growth through the evaluation of new projects for possible acquisition or joint venture," Argyros said.

Euro Solar Parks is an integrated development company of commercial solar power plants.