Toshiba to build solar plant in Bulgaria

2011-01-21 10:49
Tokyo - Toshiba and Tokyo Electric Power will team up with the Japanese government to build one of the world's largest solar power stations in Bulgaria, a report said on Friday.

The plant will be built in the eastern city of Yambol by March 2012 at a cost of more than ¥100bn ($1.2bn), Japan's Nikkei daily said.

As an EU member, Bulgaria needs quickly to bolster its sources of renewable energy to reduce carbon dioxide emissions.

The EU has an aggressive goal to unilaterally cut carbon emissions by 20% by 2020, as compared to a benchmark year of 1990.

By tapping Japanese technology, the eastern European nation aims to pave the way for obtaining 16% of its power from renewable energy sources by 2020, up from roughly 7% now, the report said.


Toshiba, Tokyo Electric, Japanese trader Itochu and the government-backed Innovation Network Corp of Japan will set up a local joint venture, investing a total of around ¥50bn.

CEZ Group, the seventh-ranked European power utility, will also take part in the joint venture, contributing as much as ¥20bn, according to the report.

Japanese Economy and Industry Minister Banri Kaieda and Bulgarian Economy and Energy Minister Traycho Traykov will agree to support the consortium at a meeting early next week, the Nikkei said.

"It is true that Toshiba is carrying out various activities for developing solar power in Bulgaria," a Toshiba spokesperson said. "But we cannot comment on a specific project and nothing has been decided yet."

The plant will start with an output capacity of roughly 50 000kW. The capacity will gradually be increased to 250 000kW in five years, the daily reported.
Read more on:    solar power  |  energy

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

linking and moving

2015-04-22 07:36 publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Amazing solar inventions!

Solar power is lighting up the world, and not just on rooftops anymore.



Plastic on your plate
Prince George the green prince?
Lean, green, drifiting machine
One man's $1 million vision for an eco Africa

Book flights

Compare, Book, Fly

Traffic Alerts

There is a tendency to get too caught up in group dynamics and high expectations and ideals, that your own personal needs more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.