Energy Communities: Burgas Residents Invited To Invest In Municipal Solar Plant
Energy communities: Burgas residents invited to invest in municipal solar plant
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Bulgaria
Energy communities: Burgas residents invited to invest in municipal solar plant
Residents of Burgas can invest in a municipal solar plant for a 30% return over ten years, as part of a citizen energy community.
Luca Papapietro
In Burgas, Bulgaria, residents can invest 511 € to 5.110 € in a municipal solar power plant on the Park Arena OZK swimming pool as part of a citizen energy community.
The 421 kW facility will consist of 956 panels and four inverters, costing 209.000€.
Investors will receive a 30% total dividend over ten years, with a return of 13% annually, surpassing typical bank interest rates. The project minimises risk, as the municipality will purchase the generated energy.
Over 80% of the energy will power the sports centre, with excess sold. Similar projects are emerging in other Bulgarian municipalities.