Italian developer of wind, solar and biomass energy projects Moncada Energy Group said it plans to launch by June a 16 MW photovoltaic power plant in Bulgaria, SeeNews reported April 11.
Bulgarian lender UniCredit Bulbank has provided EUR28.8m in financing for the project, Moncada Energy said in a statement. The photovoltaic plant is built by Bulgarian renewable energy project developer Electra Volt Trade, a subsidiary of Moncada Energy Groups Bulgarian unit, Moncada Energy Bulgaria EOOD.
The statement did not specify a location for the solar power plant.