Tuesday, May 26, 2009
BULGARIAN SOLAR FARMS
Balmoral Financial Services Companies, (Ohio) http://www.balmoralfinancial.com/ and Balmoral Capital Holdings, Inc. BVI http://www.balmoralcompanies.com/ today announced they will participate as majority owner, integrator and build own and operate (BOO) in several Bulgarian solar farms. Farms are in Northern Bulgaria near Varna and the Black Sea.
First 40-acre, seven-megawatt solar farm is beginning in Vetovo, Bulgaria where the City has already approved for a SPV owners. Last week a Town Hall meeting was conducted and a majority vote agreed to proceed on the project. Vetovo Mayor and council have signed the permissions from the Municipal government. Balmoral and the local association will expand the operations to 8 other locations within 100 miles of each other to be developed over 16 months totaling 104 MW. No panel manufacturer has yet been announced. (Rodney Kincaid CEO fifth from left)