Bulgarian government approves a €120m solar panel project with Smart Solar Technologies AD

The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant."

This project will be carried out in the village of Elenino, Stara Zagora municipality. The investment amounts to BGN 240 million (over EUR 120 million) and is expected to create 812 new jobs. Most of the production will be exported to European markets, including Germany, the Netherlands, Italy and Austria, according to the government's press centre.