Bulgarian AE Solar Horizon invests BGN 20 million in a factory near Kyustendil and creates over 100 jobs

Bulgarian company AE Solar Horizon, part of Germany-based AE Solar, intends to build a factory for solar photovoltaic panels in Kyustendil, Southwestern Bulgaria. Investment will be worth more than BGN 20 million ($11.1 million/€10.2 million), reported SeeNews from the municipality.

The company has requested permission to acquire a plot of 50,000 square meters in the Zhilenci industrial zone, where it plans to build a plant for photovoltaic panels with a total capacity of 1,000 MW per year.

AE Solar Horizon intends to establish a research and development center, a business incubator for solar start-ups, and provide free solar panel installation training courses for technicians, in addition to a local water treatment plant. The company will also build charging stations for at least ten electric vehicles.

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It is expected to enter into operation in the third quarter of 2024.

Construction will last a maximum of 18 months after the Municipal Council approves the investment proposal, Kyustendil Municipality added.

AE Solar Horizon will create over a hundred jobs at the plant and in addition provide the municipality with 100 kW of solar panels per year, which is equivalent to over 12% of its investment in the plot. As part of its investment proposal, the company will carry out conceptual and technical projects for the possible installation of solar panels on all municipal buildings.

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