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Chinese and Bulgarian solar firms progress in developing PV plants

China Sunergy delivers 5 MW of modules for Helios Power to solar park in Bulgaria

China Sunergy and Helios Power plan to develop a series of PV plants in Bulgaria
China Sunergy and Helios Power plan to develop a series of PV plants in Bulgaria over the next two years

Chinese and EU solar firms are working together to develop a series of PV plants in Bulgaria. China Sunergy, a specialised solar cell and module manufacturer, has delivered 5MW of solar modules to Bulgaria for the Yerussalimovo Solar Park.

The modules were sold to the German arm of firm Mitsubishi International and are being installed and managed by Bulgarian firm Helios Power. It is the seventh of a series of PV projects that Helios Power plan to develop in the next couple of years with the Chinese firm.

Ivo Georgiev, managing director of Solaren Park Bulgaria EAD, which is a subsidiary of Helios Power, said: “We rely on China Sunergy's efficient products and services to achieve high project performance, and ultimately to guarantee the outcome of investments.

Mr. Stephen Cai, CEO of China Sunergy said, "We have built up a very large market share in Bulgaria. Our 18 MW in shipments last year comprised nearly 32 per cent of this market, which, according to the latest Solarbuzz report, totaled about 57MW in 2011.

The Bulgarian market is forecasted by the same report to increase to 2.7 times last year's level, to 152 MW, in 2012.

“Bulgaria is a great example of high potential emerging markets for China Sunergy, and we believe we can build on the solid relationships we have there to sell more in the future," Cai added.

Since the beginning of 2012, China Sunergy has shipped a total of 22.32 MW to Bulgaria, on top of 18MW sold last year, which accounted for above 30 per cent of the Bulgarian market in 2011.

The Yerussalimovo Solar Plant is located in the vicinities of Yerussalimovo Village, Southern Bulgaria.