Gen-I Wins Bid for 1st Major Solar Power Plant in North Macedonia

By , 02 Feb 2020, 17:14 PM Business
Gen-I Wins Bid for 1st Major Solar Power Plant in North Macedonia StockSnap CC-by-0

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STA, 2 February 2020 - Energy company Gen-I will build the first major solar power plant in North Macedonia. The plant will be built and managed by Gen-I's subsidiary Sonce DOOEL Skopje. Construction is expected to start in early 2021.

North Macedonia will build the 35 Megawatt plant in Amzabegovo and Gen-I will set up panels for 17 Megawatts after winning a public tender.

The Slovenian company has also won the right to use the land for the production of solar power for 50 years, while the state of North Macedonia will provide all the necessary permits, Gen-I said in a press release.

GEN-I Sonce DOOEL Skopje is expected to launch construction at the beginning of 2021 and the power plant should start operating in early 2023. It is to produce 25,000 Megawatt hours of electricity a year.

According to Gen-I management member and CEO of GEN-I Sonce DOOEL Skopje, Igor Koprivnikar, the project is expected to open new opportunities in renewable energy sources production, sustainable energy services and create synergies in financial markets as well as long-term partnerships with investors.

The power plant in Amzabegovo is expected to supply clean electricity to North Macedonia as well as other markets in the region.

Related: Energy Group GEN Reports €2.2bn Revenue for 2019

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