Bulgarian company is building a solar panel factory near Omurtag

A new factory for the production of solar panels will be built near the town of Omurtag (Bulgaria). The developer is the Bulgarian company Solar Panel EOOD, which will invest BGN 7.35 million in the project. The investment is expected to create 45 new jobs. This became clear during the Class "A" project certificate awarding ceremony given by the Minister of Innovation and Growth, Milena Stoicheva. (Note: These certificates are awarded by the Bulgarian government to encourage and ease priority investments).

Modern machinery and equipment necessary for the production process will be purchased for the new plant. It will have a capacity of 200 mW per year.

The Omurtag production base will also feature a production workshop, a warehouse for raw materials, a warehouse for finished products and an administrative wing.

The investor company points out that it decided to build the plant given the rapid development of electricity production from renewable sources.

Solar Panel EOOD was established in 2022 with a capital of EUR 0.5 million. It’s owned by the Radita construction company, headquartered in Targovishte.

Translated by Tzvetozar Vincent Iolov