[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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A long-term cooperation agreement was signed between our Company and SUMEC Energy Holdings Co., Ltd., included in the World Fortune 500 list, Chinese state firm, which is a supplier and seller of solar energy panels, machinery, equipment, technical information and raw materials, regarding supply of solar panels, solar cells and other equipment, in order to ensure the security of supply and to create synergies in international markets.

  • Solar panel and solar cell production line equipment and product supply up to 2.5 GW (with a credit limit of US$ 50,000,000 that may increase depending on the increase in business volume),
  • Establishing a solar panel distribution channel exclusively in Bulgaria, in the Balkan countries and in other European markets to be determined,
  • Jointly developing large-scale EPC and solar power plant projects, including financial solutions
For the equipment to be supplied with this agreement; a mutual agreement was reached on the observance of international norms and standards, the creation of a business environment that respects human rights, and compliance with the frameworks requested by investment and development finance institutions.