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Greek company to invest €500 million in wind plant in Bulgaria

The Greek company Marivent Ltd. plans to invest €500 million in a wind-energy park near the town of Pernik, western Bulgaria – according to local media.

The park’s energy capacity would be 800 MWh, Greek embassy to Finland said in a media statement. Marivent Ltd. announced that it had already signed a contract for the construction with local authorities. The new plant will sell energy to the Bulgarian National Electric Company (NEC) for 20 years. Marivent would complete the project in less than 30 months, the bulletin said. The company itself and EU funds would provide money for the project, according to investor.bg said. Marivent expected €4.5 billion ($6 billion) in earnings over the next 20 years. The project was considered one of the biggest in the sector in the EU. (Sofia Echo)