The surge in interest in Bulgaria''s green energy sector is driven by the decision of the country''s government to utilise the Recovery and Resilience Plan for the expansion of renewables. Under the plan, Bulgaria will seek to add 3.5 GW of new solar and wind capacity by mid-2026. At least 1.4 GW of the total will be combined with energy
READ MOREA survey carried out by APSTE among 32 energy professionals and key stakeholders in the energy storage market development in Bulgaria showed that the existing regulatory
READ MOREInvestors have until June 12 to apply for grants for energy storage investments in Bulgaria of EUR 273 million within two calls. The subsidies are for battery
READ MOREIn 2022, the Bulgarian energy industry exported more than 12 TWh of electricity totaling to EUR 3 billion, (USD 3.24 billion). Currently, the installed power generation capacity in Bulgaria is 13.247 MW, and the available capacity is 10,771 MW.
READ MOREInnoLED is a supplier of high quality LED luminaries and custom control systems, one of the fastest developing companies for LED lighting in Bulgaria. Entra Energy invested in the company in 2017 and has been
READ MOREBulgaria is relying heavily on battery technology and energy storage overall in its energy transition. Belgian company ABEE launched a EUR 1.1 billion project in December for a battery plant, recycling facility and a research and development center.
READ MOREIn the middle of 2015, the company presented its proposal for the development of the battery storage technology in Bulgaria to the Minister of Energy. While AES has not started any specific projects, as it is the operator of the largest wind power plant in Bulgaria, some consider it most likely that the pilot project will be implemented there.
READ MOREEU Member State since 2004, Bulgaria targets to have an installed capacity of 3.3GW for solar PV by 2030. Image: Neven Myst on Unsplash. The Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have
READ MOREShare. Early 2023 the Bulgarian parliament introduced legislative amendments to enhance the development of the renewables sector. By means of amendments and supplementations in the Energy Act (EA), three major steps were undertaken: the minimum power generation installed capacity (subject to licensing) was
READ MORESimultaneously, Bulgaria''s large and aging coal fleet is experiencing strong pressure from rising CO2 costs, pushing it into retirement. Increasing power prices are seeing a push for the transformation of the Bulgarian power system, favouring competitive technologies such as wind and solar, while nuclear development is also on the table
READ MOREThe Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have signed two agreements for the
READ MOREWith the grid-connected ratio of renewable energy growing up, the development of energy storage technology has received widespread attention. Gravity energy storage, as one of the new physical energy storage technologies, has outstanding strengths in environmental protection and economy. Based on the working principle of gravity energy storage,
READ MOREENERGY STORAGE IN ULGARIA EXEUTIVE SUMMARY 2021. LGARIAEXECUTIVE SUMMARY2021EXECUTIVE SUMMARYIn late June 2021, the Council of the European Union signed on the first European Climate Law, setting into legislation the bloc''s stated goal of reducing greenhouse emissions by 55% (compared to 1990 levels) by 2030 and r.
READ MOREVideo. MITEI''s three-year Future of Energy Storage study explored the role that energy storage can play in fighting climate change and in the global adoption of clean energy grids. Replacing fossil fuel-based power generation with power generation from wind and solar resources is a key strategy for decarbonizing electricity.
READ MOREThe Energy Storage Program also seeks to improve energy storage density by conducting research into advanced electrolytes for flow batteries, development of low temperature Na batteries, along with and nano-structured electrodes with improved electrochemical properties. In Power Electronics, research into new high-voltage, high power, high
READ MORENovember 15, 2023. Hithium and SolarPro executives on the day of the agreement being signed. Image: Hithium / SolarPro. Lithium-ion battery manufacturer Hithium will provide 55MWh of battery products for a solar-plus-storage project being built by EPC firm SolarPro in Bulgaria. China-based Hithium will provide the battery energy storage system
READ MOREEnergy Storage in Bulgaria - Lead Acid or Lithium - Ion Chemistry. September 2022. DOI: 10.1109/BulEF56479.2022.10021159. Conference: 2022 14th Electrical Engineering Faculty Conference (BulEF
READ MORESize: 110,993.6km2 (16th largest in Europe) We take readers on a tour of the Bulgarian research and innovation (R&I) and development landscape; the main players, priorities, strategies and mechanisms driving this Balkan nation''s efforts to modernise and boost its competitive edge. Strategy and Key Agencies.
READ MORE[email protected] . +352 4379 - 70065. press@eib . +352 43791. The European Investment Bank (EIB) will provide advisory support to Natsionalna
READ MOREBulgaria, Italy, and Hungary offer the highest profit potential for energy arbitrage in Europe in terms of average spot market revenue in 2023, according to the latest report by Rystad, an energy research and business intelligence company. At the bottom of the list are Sweden, Norway, and Finland, which have the lowest profit potential due to
READ MOREBulgaria''s Ministry of Energy has launched two tenders to add 1,425MW of renewable power generation to the grid and 350MW of battery energy storage system
READ MOREOctober 18, 2023: Bulgaria has launched a public consultation process into government grant aid plans to support an expansion of renewables and BESS projects across the country, the energy ministry has told Energy Storage Journal. The government intends to call for tenders and offer financial support to develop 570MW of wind and solar
READ MOREThe Bulgarian Ministry of Energy has launched two renewables-plus-storage tenders to the tune of BGN 535 million ($298 million), accepting bids from companies in all sectors except agriculture
READ MOREIn the context of Bulgaria''s energy landscape, energy storage solutions present a diverse array of benefits to various stakeholders stemming from its unique ability to time-shift
READ MOREENABLING ENERGY STORAGE. Step 1: Enable a level playing field Step 2: Engage stakeholders in a conversation Step 3: Capture the full potential value provided by energy storage Step 4: Assess and adopt enabling mechanisms that best fit to your context Step 5: Share information and promote research and development. FUTURE OUTLOOK.
READ MOREThe European Bank for Reconstruction and Development (EBRD) has agreed to assist Bulgaria in the development of new renewable energy production and storage infrastructure, it was
READ MOREThe Bulgarian Ministry of Energy has launched two renewables-plus-storage tenders to the tune of BGN 535 million ($298 million), accepting bids from
READ MORESource: Electrohold Bulgaria. The Bulgarian Ministry of Energy is seeking public comments on a proposed tender programme that could subsidise the development of at least 570 MW of renewable energy and 150 MW of battery storage projects. The public consultation concerns the design of what will be the Balkan country''s
READ MOREEnergy storage is a key part of it, he pointed out and estimated that cofinancing for renewable energy projects would remain available in the longer term.
READ MORE