Geotrading AD is a responsible company, part of the GEOTECHMIN Group, which realizes green investments. In 2021 the company built two photovoltaic power stations (PVPSs) in Sofia and Etropole, generating a total of about 74 MWh/year. This power cuts the CO₂ that would have been released from traditional generation for charging some 6.4 million cell phones, from burning more than 22,000 litres of gasoline or from the annual electricity consumption of six family homes.
The PVPSs were built on the rooftops of the ProAuto service centres in Sofia and Etropole and are owned by Geotrading AD. The investment is part of the Group’s environmental policy. The project is consistent with the efforts to promote the expansion of renewable capacity in highly urbanised areas, optimising the spaces required for green energy generation. The capacity of each of photovoltaic power plants in Sofia and Etropole is about 35–37 MWh/year. The generated electricity is recorded by a real-time online monitoring system. In addition to the online reporting, the system aggregates and presents data on the energy produced by day, month and year since the launch of the power station. The data are available on a mobile app, as well. The electricity from the PVPSs will be sold to the local power company.
Both Geotrading AD projects are part of GEOTECHMIN Group’s long-term development and responsible investment strategy. They were implemented by another GEOTECHMIN Group company, Energeo EOOD. It is a licensed power seller to industrial and business customers and specialises in engineering, energy and renewable-source projects, covering the entire life cycle of the installations, from the pre-design studies to the maintenance and operation management.