Bulgaria's Solarpro Holding wins 50 MWp power plant project in N. Macedonia
Photo: Solarpro/ All rights reserved.
Bulgarian solar energy equipment supplier Solarpro Holding [BUL:0S8] said on Wednesday it was selected by North Macedonia's government to build a photovoltaic power plant with an installed capacity of up to 50 MWp at the location of an old mine in Oslomej, in the western part of the country.
Solarpro will build and operate the solar power plant as part of a public-private partnership (PPP), the company said in a statement.
The selection was made after live auction bidding on April 16, in which three international candidates took part.
Solarpro's final bid envisages transferring 18% of the future revenue to the public partner - 80% higher than the starting level of 10% which was required, Solarpro's CEO Konstantin Nenov said in the statement.
The company will also offer 50 jobs to the former miners in the region, Nenov added.
"I would like to congratulate our future partner ESM for obtaining such excellent results out of the tender. I would like to congratulate the Government of the Republic of North Macedonia for organizing such competitive procedure and showing to the whole South East European region, with practical examples, how the old polluted coal mine areas can create well paid jobs and produce clean energy at competitive market price," Nenov said.
The company expects to reach over 80 MW installed capacity in North Macedonia in two years, Alexander Petreski, CEO of Solarpro's unit in North Macedonia said, noting that the company supplies over 450 companies in North Macedonia with electricity.
In 2020, Solarpro won a tender for the construction of a solar power plant of 10 MW in the village of Manastirec, Makedonski Brod.
Established in 2007, Solarpro Holding employs over 1,000 people.
In Poland, Hungary, Bulgaria and North Macedonia, Solarpro operates complete renewable energy platforms, with over 150 MWp own projects in construction and 500 MWp + projects in development. The company is a leader in offering long term PPA's (Power Purchase Agreements), long term lease agreements for SaaS (Solar as a Service) and various other solutions for corporate sourcing of green energy and improving ESG (Environmental, Social and Governance) ratings.
As a general contractor and construction services provider, Solarpro Holding group is a global player with over 3000 MWp of installed capacity PV projects, completed on five continents to date. Particularly strong is the presence with construction services on some of the key EU markets - Netherlands, Germany, France and Portugal.