Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Rural Areas Keenly Interested in Solar Energy Projects
Date: 04/07/2012
Bulgaria's Rural Areas Keenly Interested in Solar Energy Projects

Rural areas in Bulgaria are reporting peak interest in subsidized projects for the construction of photovoltaic systems.

A total of 37 photovoltaic projects were approved in the last three months, alongside subsidies of over BGN 11.6 M, according to recent statistics of Bulgaria's State Fund Agriculture cited by news portal

The subsidies are granted under three measures of the Rural Development Program (RDP) envisaging a diversification into non-agricultural activities, support for the creation and development of micro-enterprises and ensuring main services for the population and the economy of the rural areas.

Unlike large-scale investment projects in solar parks, agro subsidies are granted to smaller installations which are expected to support local business by reducing the companies' energy expenses, experts say.

The maximum value of the approved projects is EUR 200 000, 80% of which is granted.

The advantage to such investments is that after the construction of photovoltaic systems with a capacity of even over 5 MW they can be connected to the national grid, with the state guaranteeing long-term contracts for purchasing the electricity they generate at preferential tariffs.

Three months ago, the State Fund Agriculture approved around 300 projects out of a total of 700 investment proposals.

The schemes approved in the last three months mark yet another step in the efforts to absorb the entire budget earmarked for supporting investments for the creation of micro enterprises.

The State Fund Agriculture informed that it had given the green light to a total of 166 investment proposals outside the energy sector in the last three months.

The SFA noted that the projects were aimed at encouraging micro enterprises and diversifying business in rural areas and the approved subsidy amounted to over BGN 51.1 M.

Topic: Economy

Featured District
Invest Bulgaria Charts
Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

See all charts
Did You Know?
Cost of Labor in Bulgaria
Cost of Labor in Bulgaria
A Bulgarian software project leader makes about 1,200 Euros a month ... More

Bulgaria is one of the biggest producers of rose oil. Bulgarian roses are widely grown in our country, using cultivation methods that have preserved the characteristics of the flower unchanged for more than three centuries.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members