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Fortenova sells agri unit to Podravka for 333 mln euro
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Bulgaria
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Fortenova sells agri unit to Podravka for 333 mln euro
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Fortis Energy buys 180 MW solar project in Serbia
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Bulgaria's Green Profit, Hong Kong's UEG to build 250 MW PV plant

Apr 2, 2024, 12:05:43 PMArticle by Mihaela Miteva
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April 2 (SeeNews) - Bulgaria's Green Profit and Hong Kong-based oil and gas exploration and production company United Energy Group (UEG) signed a contract for the construction of a 250 MW solar photovoltaic (PV) plant in southern Bulgaria, InvestBulgaria Agency (IBA) said.

Bulgaria's Green Profit, Hong Kong's UEG to build 250 MW PV plant
Image source: InvestBulgaria Agency

The PV plant will be located between the town of Simeonovgrad and the village of Polyanovo in the Haskovo region, the government agency said in a statement on Monday, without providing further details.

Hong Kong-listed UEG is focused on both the traditional oil and gas sectors and green energy project development. Its portfolio includes wind and solar projects in Pakistan, Iraq and Egypt.

The company is also expanding into the European energy market and is currently in talks to acquire renewable energy projects with a total capacity of over 1 GW, IBA said.

Green Profit, based in the village of Mineralni Bani near Haskovo, was founded in 2015, commercial register data show.

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Bulgaria Economy Report Q4 2023
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