Bulgaria to Become European Leader in Solar Energy*

From The National Post, Canada

Sofia Bulgaria can pass the Czech Republic as Eastern Europe's most lucrative solar energy market if the government removes legal pitfalls blocking investment in the country's strong sun potential, experts say.

Investors are looking for new opportunities in central and southeastern Europe after Spain and Germany, the global industry leaders in photovoltaics (PV) that turn sunlight into energy, have cut or plan to curtail incentives.

The Czech Republic has attracted the lion's share of investment in Eastern Europe due to generous subsidies. But Prague is expected to reduce the feed-in tariffs from 2010, a move that could make Bulgaria a more promising market in the medium to long-term, analysts say.

The Balkan country has already attracted applications for 1,000 megawatts of new solar parks thanks to its incentives.

*Title by Novinite.com

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!