Helios Zelena Svetlina Solar Plant

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Helios Power (Bulgaria) developed the 2.0 MW Zelena Svetlina solar plant. The plant was commissioned in June 2012. The tariff for the project is EUR 248.3/MWh, for a period of 20 years with EVN. Project life is 25 years. The equipment was provided by Mitsubishi International Corporation, supplying CSUN Quasar 260 series - 60P solar panels, from CEEG Nanjing Renewable Company Ltd. (CHina). The inverters were supplied by SMA Solar Technology AG, Tripower 17000TL-10 (1080ENDE). The support structure was supplied by Ellon. Annual maintenance costs are EUR 0.013/kWh. Insurance for the project is provided by ALLIANZ. Corporate tax rate is 10%. Total project cost was unavailable, but the average cost in 2011 was US$3.9 million/MW: US$7.8 million. Financial closure date was estimated at June 2012, date of commissioning. The coordinates of the project are: Lat. 42, 62 15 29 N, Long. 26 23 60 19 E Found in EETK brochure: In May 2010, EETEK Solar entered into a sale and purchase agreement (the “Solar I SPA”) with Mr. Penko Minchev Penkov, for the acquisition of 100 per cent. of the shares of a project company, called Zelena Svetlina 2010 EOOD, incorporated in Bulgaria (the “Solar I Project Company”), established for the purpose of development of the Solar I project (for a description of the Solar I project, see “Business – Investment Projects (Pipeline A) – Bulgaria – Solar I”). Ans also" EETEK Solar purchased 100 per cent. of the shares of Zelena Svetlina EOOD, a company developing a solar PV plant in Bulgaria, and obtained control over it as at 2 June 2010." http://www.heliospower.bg/proj_07.html