Jan 31, 2025 | Posted by Abdul-Rahman Oladimeji
Southeastern European telco firm United Group has invested €120 million ($125.1 million) to support the development of three solar power plants and a wind farm in Bulgaria. The projects will have a combined capacity of 124MW.
The first solar plant, located near Stara Zagora, reached operational status in September 2024 with a capacity of 3MW and an annual production capacity of 4.3MWh. The other two projects are in development and will be built near Kyustendil and Vidin. The Vidin plant, which will have an annual production capacity of 57GWh, is the largest solar plant planned by the group.
Victoriya Boklag, CEO of United Group, commented on the investment: "By harnessing the power of the sun and wind, we're not just powering our operations; we're powering change. United Group is proud to lead the way in producing green electricity."
The first solar plant, located near Stara Zagora, reached operational status in September 2024 with a capacity of 3MW and an annual production capacity of 4.3MWh. The other two projects are in development and will be built near Kyustendil and Vidin. The Vidin plant, which will have an annual production capacity of 57GWh, is the largest solar plant planned by the group.
Victoriya Boklag, CEO of United Group, commented on the investment: "By harnessing the power of the sun and wind, we're not just powering our operations; we're powering change. United Group is proud to lead the way in producing green electricity."
The project will include a battery energy storage system (BESS) capable of storing 1.5 times the peak energy production. All four projects will utilize industrial land and be integrated with BESS.