After the great interest in RES projects, future prospects and the funds provided for them in the Recovery plan, we logically selected another relatively small investment project in this area which can easily be sold with a good return. The project will be sold or developed after all the necessary procedures, approvals from institutions, assessments and documents up to stage of requesting a construction permit have been completed.
A new investment project that includes the purchase of land, its preparation for the RES project (photovoltaic plant) for production of electricity.
The land plots have a total area of 6-9 decares and are located in an urbanized area in the Village of Boyana, the Village of G. Kolev and the Village of Ovchaga, Varna District.
The EU Green Deal and the Recovery and Resilience Plan for Bulgaria which will be presented to the European Commission, provide for billions of Euros to be invested in RES projects in our country in the coming years. The escalation of the war in Ukraine will lead to increasing economic sanctions against Russia, including the minimization of oil and gas import. This will inevitably accelerate the transition to clean energy and especially solar energy in a world of more expensive electricity.
The project we are presenting follows the trends for increased demand for land with the necessary documents for the construction of RES facilities for production of electricity which leads to greater profitability for our customers.
The terrain included in the project is attractive, urbanized and will be designated for special use for RES, but without the construction of a RES facility. Improvements, special activities, permits, documentation and contracts will lead to the return required by investors.
The terrains located in our area of interest are in Varna District, in the Village of Ovchaga, the Village of Boyana and the Village of General Kolev, urbanized and with a very good location.
A research has been made regarding the activities to be performed, their sequence and method of implementation.
A preliminary contract for consultations has been concluded with a company with subject of activity construction of RES systems and facilities.
The terrains for the project have been located, negotiations for their purchase have been held and preliminary research has been made for the possibilities for pre-connection of the future capacities.
Capital required for financing | €25000 |
Expected sale price | €35000 |
Minimum investment | €2000 |
Land acquisition costs | €17500 |
Other expenses | €4000 |
Project financing at the moment | 100% |
IBAN (BGN) | BG07STSA93000021569757 |
Expense for the purchase of real estate | €5000 |
Accounting expenses | €500 |
State and municipal fees | €3000 |
Fee for publishing in Spotfinance | 6% |
Total estimated costs | €25000 |
Expected sales revenue | €35000 |
Expected profit | €10000 |
Return on investors | 16% |