News Article Bulgaria investment retail SEE solar power Varna
by Property Forum | Retail

In March 2023, the Delta Planet Mall retail centre, located in Varna, Bulgaria, inaugurated an innovative photovoltaic solar installation. The investment of nearly €500,000 (BGN 1 million) covers the construction of 1,029 solar panels with a total capacity of 556 kW.

On average, the system will provide between 7 and 9% of the building's electrical consumption per year. The shopping centre has a total built-up area of 110,000 sqm, including 40,000 sqm of leasable area which is rented out at 94 % Delta Planet Mall was launched in 2019, following a €120 million investment by Serbia's Delta Real Estate and its Bulgarian partner AP investment.