The newly established Bulgarian company that produces Tier-1 photovoltaic (PV) panels, AE Solar Horizon, attracts a €3.5M investment from the local VC fund New Vision 3 (€1M), the German solar industry leader AE Solar GmbH (€2M), and the Bulgarian engineering company ELIA (€500K).
Founded by the energy specialists Ilko Yotzev and Evgeni Stefanov, AE Solar Horizon plans to build 3 innovative photovoltaic plants, in order to provide a long-term solution for a more environmentally-friendly way of energy supply.
The photovoltaic production plants will be located in Bulgaria, North Macedonia, and Greece, and will have the capacity to produce over 3 GWp of solar panels. “Seeing how the market is developing and what actions different players are taking, we decided to start working on a project that can help to have a cleaner planet. Realizing all governments rely on…
Bulgaria Solar Energy Startup Grabs €3.5M. What’s Next?
