The company would analyze in a week seven photovoltaic projects totaling 30-35 MW, Stefan Gadola, one of the group’s founders, told MEDIAFAX.

The company’s representative added that EnergoBit would continue its wind power production projects, with a total capacity of 27.5 MW.

According to the amendments to the energy law, state support for renewable energy producers was temporarily reduced starting July 1, 2013. Wind power producers receive one green certificate for each megawatt of energy they produce, instead of two certificates previously, while solar power producers get four green certificates instead of six.

The photovoltaic projects would require investments of approximately EUR52.5 million, given that around EUR1.5 million are needed for the construction of one MW of solar power.

EnergoBit was set up 1990. Polish investment fund Innova Capital took over a 53% stake in EnergoBit at the end of 2012.