SUNOTEC and the main shareholders of Eurohold converted an industrial waste landfill near Pernik into a hybrid RES park

The engineering, supply and construction company Solaris Holding AD - a joint venture of the Bulgarian-German SUNOTEC and the main shareholders of Eurohold Bulgaria AD, officially opened today in Pernik a hybrid plant for the production and storage of green energy.

The hybrid park includes a photovoltaic plant with a capacity of 32 MWp and an electricity storage facility with a capacity of 61 MWh. The park was built on an old landfill site of the local steel industry in compliance with the highest environmental standards. It is located on 304 ha, with 56,889 photovoltaic panels installed, which will save 15,847 tons of harmful emissions per year. The Pernik FPP can supply 10,200 households with energy (at an average annual consumption per household of 3,272 MWh).

The project was financed by DSK Bank and the German Varengold bank AG. Green electricity storage batteries are from one of the world's leading manufacturers in this segment - Huawei. The produced electricity will be managed by the licensed trader Electrohold Trade EAD.

The storage system allows the produced green energy to be used during peak hours of consumption and to be smoothly distributed according to demand, so as not to burden the country's electricity system. It provides completely new possibilities for the realization of energy and allows conclusion of long-term contracts for purchase and sale at a fixed price.

When we first set foot on this place, it looked like a lunar landscape. The most difficult part of the project was the design, after which in five months our colleagues managed to move 1 million cubic meters of earth layers and build this park. Together with the same partners from Eurohold and Electrohold, we will very soon open a second hybrid park in the municipality of Ihtiman. We ourselves are in the process of building another 23 projects, some of which are for independent energy storage," said Kaloyan Velichkov, CEO of SUNOTEC, one of the largest companies in the construction of photovoltaic plants in Europe, which was founded in Bulgaria, but operates worldwide.

"Pernik FPP fully meets the latest requirements for maximum efficient production and utilization of renewable clean energy according to EU recommendations and policies. It is important to find the balance, the support of the state is also important, but we decided to take the risk without waiting for recovery plans and projects, because energy does not wait", said Kiril Boshov, representative of the main shareholders of Eurohold.

"In the Electrohold group, we strive to close the natural cycle from production through distribution to supply and sale of electrical energy to end customers. With projects like this, we get the opportunity to offer competitive energy at a fixed price in the long term in line with the green transition," said Vladimir Dichev, Chief Commercial Director of Elektrohold Bulgaria.

Solaris Holding plans to build solar power with a capacity of 600 MW and electricity storage systems of 1,000 MWh.

For Eurohold Bulgaria AD

Eurohold Bulgaria AD is a leading energy and financial group operating in the region of Central, Eastern and South-Eastern Europe. Its shares are traded on the stock exchanges in Sofia and Warsaw. Eurohold is the owner of Electrohold - the leading electricity group in Bulgaria, owning the largest distributor, supplier and trader of electricity in the country, with over 3,000 employees and almost 3 million consumers. Eurohold is also the owner of Euroins Insurance Group AD (EIG), one of the largest insurance groups in the region. EIG provides a full range of insurance services, operates in 11 countries, serves more than 4 million customers and has over 3,000 employees.

About SUNOTEC

SUNOTEC is a Bulgarian-German company with a 12% market share and the construction of industrial photovoltaic plants in Europe and with more than 600 solar projects with a capacity of over 8.2 gigawatts worldwide. The company employs over 1,500 employees and owns the largest fleet of its own construction equipment in the sector in Europe. SUNOTEC provides the full range of services related to the construction of photovoltaic parks, from geology, engineering, construction, procurement, management, maintenance and equipment to re-powering installations and solutions for the sector based on artificial intelligence.

About Electrohold Trade EAD

Electrohold Trade EAD is part of the Electrohold group, owned by Eurohold. The company is the first licensed electricity trader in Bulgaria. From its establishment in 2005 until the end of 2023, it has supplied nearly 49 billion KWh of electricity to business customers. The company trades on the wholesale market, provides solutions for industrial and corporate customers and operates a leading balancing group.