Bulgaria will finance 82 independent renewable energy storage projects worth over 1.15 billion leva (588 million euros) under the EU-funded program called RESTORE, the Energy Ministry in Sofia announced last week.
Sigenergy, in partnership with the leading Bulgarian energy company Trakia MT, has successfully completed a 20MWh utility-scale co-located project in Malko Tarnovo, located in southern Bulgaria
The call for autonomous energy storage projects in Bulgaria received proposals totaling €2.55 billion, 4.3 times the allocated budget of €581 million. However, access to funding remains uncertain.
In recent years, Bulgaria has increasingly prioritized the development of energy storage infrastructure as part of its broader transition to a more sustainable and resilient energy system. With growing renewable energy
Battery Energy Storage Systems (BESS) are becoming essential in the shift towards renewable energy, providing solutions for grid stability, energy management, and
The European Union has approved Bulgaria''s plan to support the construction of new energy storage facilities with a total capacity of at least 3 GWh. The project budget is €590 million, fully funded by the EU''s Recovery
The scheme opened for bidding in August 2024. It appears to be separate from one targeting both renewables and storage, also with Recovery and Resilience funding, which concluded in November 2024 awarding funding
As investment in renewable energy generation continues to rise to match increasing demand so too does investment, and the opportunity to invest, in energy storage.
The selected projects will deliver a total usable battery energy storage system (BESS) capacity of 9,712.89 MWh, the Ministry of Energy said on April 17, more than three times the minimum target of 3 GWh originally set by
Bulgaria''s recovery and resilience plan calls for deployment of a minimum of 1.4 GW of renewable energy with storage in Bulgaria, including an investment in renewable and storage facilities that will be financed by EUR 342
The Current State of the Bulgarian Power Market: Why is Energy Storage More Relevant than Ever? The Bulgarian power sector is currently attracting significant interest from foreign and
CEELM: What are the main/largest energy projects you expect to be finalized in Bulgaria in 2025? Piperkova: To name a few, we expect to have the first Enka project in Bulgaria – the Kameno 40-megawatt peak photovoltaic project – in
The selected projects will deliver a total usable energy storage capacity of 9,712.89 MWh, the Ministry of Energy said on April 17, more than three times the minimum target of 3 GWh originally set by the tender. The
Currently, Bulgaria''s electricity market offers an opportunity for €110 ($122) per MWh profit on battery energy storage with two hours of discharge capacity using energy arbitrage. Rystad Energy ''s analysis estimates battery
Bulgaria 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
Bulgaria''''s Ministry of Energy has officially announced the final results of the country''''s first renewable energy auction. In this procurement event, the Bulgarian government allocated a
A call for new energy storage capacity in Bulgaria has awarded 9,712.89 MWh of projects with a total investment value of BGN 1.149 billion (USD 675.8m/EUR 587.5m), the Balkan country''s energy ministry said on Thursday.
Hithium has launched a 55 megawatt hours (MWh) battery energy storage system (BESS) project in Razlog, southwestern Bulgaria. The project, the largest in Eastern Europe, has been realised by Solarpro, a
Sigenergy, in partnership with the leading Bulgarian energy company Trakia MT, has successfully completed a 20 MWh utility-scale co-located project in Malko Tarnovo,
How much does it cost to build a battery in 2024? Modo Energy''s industry survey reveals key Capex, O&M, and connection cost benchmarks for BESS projects.
Enery''s core mission is to provide businesses with clean and green energy at affordable prices, helping companies easily plan their energy budgets and achieve their ESG goals. Enery has
Moreover, given balancing costs can make up to 10 percent of the final electricity prices in Bulgaria, utilizing energy storage to reduce system balancing costs will be passed on to reduce
The company earmarked EUR 3.48 million from its own funds for the investment. The reconstruction has cost it EUR 4.91 million. Bulgaria craves energy storage for flexibility,
The first tender, with a total budget of BGN 107.6 million, will finance the construction of solar and wind projects and co-located energy storage facilities with installed capacities between 200
Energy storage technologies, store energy either as electricity or heat/cold, so it can be used at a later time. With the growth in electric vehicle sales, battery storage costs have fallen rapidly
Developers of 82 standalone battery projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies.
TotalEnergies develops battery-based electricity storage solutions, an essential complement to renewable energies. Find out more about our projects and achievements in this field.
European Union Approves Bulgaria''s Plan for Energy Storage Development The European Union has approved Bulgaria''s plan to support the construction of new energy
Shanghai Sermatec Energy Technology secured a 430 MWh energy storage project in Bulgaria, offering a full-lifecycle solution to optimise grid efficiency. Sermatec began
The grants will cover up to 50% of the eligible costs with a ceiling of BGN 156,466 ($86,056) (excluding VAT) per 1 MWh of usable energy storage capacity. Under
Bulgaria has officially inaugurated the largest battery energy storage system (BESS) in the Balkans, boasting a capacity of 496.2 MWh. This groundbreaking facility, located
In this work, the optimal configuration of energy storage and the optimal energy storage output on typical days in different seasons are determined by considering the objective
Energy storage in Bulgaria is expanding rapidly as the government awards nearly 10 GWh of capacity to 82 projects, boosting renewable energy reliability and grid stability.
Under the RESTORE initiative, launched through Bulgaria’s National Recovery and Resilience Plan (NRRP), the Ministry of Energy has selected 82 projects that will collectively receive BGN 1.15 billion (approximately $675 million) in public funding.
The selected storage systems will be geographically distributed across Bulgaria and connected either to the national transmission grid or local distribution networks. All awarded projects must be operational by March 2026.
Bulgaria already held the first two tenders for battery energy storage systems (BESS) that would be integrated with renewable electricity plants. Earlier this month, Renalfa IPP has started the commercial operation of its first utility-scale battery energy storage system.
The public call would be for individual projects for 10 MW to 300 MW in operating power and storage duration of at least two hours, translating to 20 MWh to 600 MWh in capacity. The scheme is aimed at supporting a minimum of 3 GWh in energy storage capacity Eligible costs are calculated from March 9, 2023 until March 31, 2026 at the latest.
