Austrian companies will invest EUR 260 M until 2011 in Bulgaria for renewable energy projects. Dr. Michael Angerer, a commercial adviser in the Austrian Embassy in Bulgaria, announced. Austrian renewable energy projects have already started in Bulgaria. A total of 120 MW facilities will be constructed until 2010. Austrian investors show interest towards the Gorna Arda Dam (Upper Arda), Angerer said. Besides EVN, who have already announced its intentions, OMV has also wanted to take part in the project, he added.