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Home Bulgaria

United Group Ventures Into Green Energy with €120M Investment

January 22, 2025
in Bulgaria
United Group Ventures Into Green Energy with €120M Investment
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The first solar plant, near Stara Zagora, is already operational, and two more solar plants will be built near Kyustendil and Vidin. The wind farm, situated in northeast Bulgaria, will set new benchmarks for innovation and efficiency in the region. All projects are strategically designed to minimise environmental impact by utilizing repurposed industrial land and integrating advanced energy storage systems.

Victoriya Boklag, CEO, United Group

This investment is more than a business decision – it’s a promise to future generations. By harnessing the power of the sun and wind, we’re not just powering our operations; we’re powering change. United Group is proud to lead the way in producing green electricity. Together, we’re building a brighter, greener future for Bulgaria and Southeast Europe.

Nikolai Andreev, CEO, Vivacom

United Group’s investment is a transformative moment for Bulgaria. It strengthens energy resilience, drives economic growth, and firmly positions Bulgaria as a leader in renewable energy. We’re excited to see the impact this project will have on our country and our region.

Grozdan Karadjov, Deputy Prime Minister and Minister of Transport and Communications

Over the past 20 years, the share of green energy in the overall energy mix of the European Union has tripled. Bulgaria is following this trend, but the share of renewable sources in the country’s final energy consumption is still less than a quarter. Therefore, investments in this area are crucial for the sustainable development of the Bulgarian economy.

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Publish date : 2025-01-21 18:28:00

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