The solar farm is under development by a consortium comprising Elsewedy Electric Company of Egypt, Asunim Solar from the United Arab Emirates (UAE) and I-kWh Company, an energy consultancy firm also based in the UAE. The solar farm will have an attached battery energy storage .
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Located next to a photovoltaic park within Balkan Industrial Park, it is part of the country's first closed licensed power distribution system. The Bulgarian city of Lovech, northeast of Sofia, hosts the strongest battery energy storage system (BESS) in the Balkans.
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The project will add 70 MW/140 MWh of storage capacity to SEB Nordic Energy's Finnish portfolio, which already includes wind and hydropower. Located in Nivala Municipality in Finland's Ostrobothnia region, the project is expected to be completed in 2026.
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While the average cost to build an energy storage power station ranges from $280 to $450 per kWh, strategic design and technology selection can optimize budgets. Partnering with experienced providers like EK SOLAR ensures access to cutting-edge solutions and localized cost.
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