Japanese, Bulgarian companies join forces in 20.04 MW solar plant project

Sofia-based company Spasovo Solar has asked the state energy commission for preliminary issue of a 30-year license for electricity production from a 20.04 MW photovoltaic park, according to information posted on the website of the energy regulator. The solar park will be built on 351-decares land plot near the village of Spasovo in the northeast region of Dobrich. The solar plant is a mutual project of Japan's Mitsubishi Corporation, and the local Industrial Holding Bulgaria and the engineering company Inos 1, full-stake owner of Spasovo Solar. Mitsubishi Corporation wants to acquire majority stake in Spasovo Solar, while Industrial Holding Bulgaria and Inos 1 will be minority shareholders.