The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric Power Generation, Transmission And Distribution
800 jobs Number of planned job creations
Announcement Date
13 February 2024
Employment effect (start)
13 February 2024
Foreseen end date
31 December 2025
Description
Smart Solar, a Bulgarian company leader in the design and construction of photovoltaic plants, plans to construct a new plant for the production of solar panels in Stara Zagora. Between 350 and 500 jobs will be created at the new plant in the first year, and the number of employees will reach up to 800 once the production of batteries is operational.
This will be the first plant for the production of photovoltaic panels and cells in Bulgaria and one of the first in the European Union. When the factory opens, its production capacity will be between 800 and 1000 MW per year, with the idea of reaching 2.4 GW once the plant is fully operational.
Eurofound (2024), Smart Solar, Business expansion in Bulgaria, factsheet number 200947, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200947.
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