The newly announced projects will help achieve this, providing an estimated 3 gigawatts of renewable energy and 1.2 gigawatts of energy storage. The projects will focus on solar and
These projects are crucial for advancing Bulgaria''s goals in renewable energy and will bring nearly 3 GW of new clean energy capacity and 1.2 GW of storage to the grid,
Here are some key details that emerge from Bulgaria''s recent renewable energy project approvals: Investment Overview: The approved projects amount to a significant
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
The US Energy Information Administration (EIA) says cumulative solar installations are expected to double from 91 GW to 182 GW from the end of 2023 to the end of
Several large-scale solar photovoltaic (PV) projects with a power capacity above 50 MW were launched into commercial operation in Bulgaria in 2022. Local and international
The pace of large photovoltaic projects in Bulgaria indicates that total capacity can reach 6 GW by the middle of next year. The expansion isn''t slowing down. Investors in
It will also feature two battery storage systems with a 418 MW capacity, equivalent to four hours of energy generation. This will enable the project to supply clean
United Energy Group bought the two projects last year. It it the first significant Chinese investment in Bulgaria, the article reads. The PV plant is expected to be put into operation early next year.
The scheme shall enhance RES production with storage capacity and envisages investment support only for the storage facilities component of projects. Additionally, at the end of 2023, the EU Commission
Together, solar and battery storage account for 81% of the expected total capacity additions, with solar making up over 50% of the increase. Solar. In 2024, generators
In its EU Market Outlook for Solar Power 2022-2026, SolarPower Europe (SPE) expected Bulgaria''s cumulative PV capacity to have reached 1.54 GW at the end of 2022. In
Developers of 249 projects in Bulgaria will receive EUR 268 million in total grants for renewable electricity plants with energy storage.
The projects, which aim to increase Bulgaria''s renewable energy capacity and bolster energy storage infrastructure, have undergone evaluation, with a project completion
The Greek company PPC Group is accelerating its expansion in the Balkans, laying the foundations for its first solar park project in the Stara Zagora region. The project is
Reports now indicate a 35 GW pipeline of solar and wind projects requesting connection to Bulgaria''s grid4, while according to data by the Association for Production, Storage, and
The company''s investment plan includes Italy, where it recently commissioned the first two solar parks. Public Power Corp. – PPC Group said it commenced the construction of a photovoltaic plant in Stara Zagora in central
The selected energy storage facilities must be put into operation by the end of March 2026. Authorities will check the status of every project in May 2025, the announcement
FirmoGraphs is tracking more than 100 very large solar projects starting construction in 2023 with a total estimated value of nearly $40 billion.
A final investment decision (FID) is expected by the end of 2025. "By investing in one of the largest photovoltaic projects in Bulgaria, we are strengthening our presence on this
The project is being constructed by Chint Green Energy and is expected to open in the first quarter of 2026. Image: PPC Renewables. Greek renewables developer PPC has acquired an 88MW solar PV
Expected growth of the utility-scale battery energy storage market in six key countries in Central and Eastern Europe by 2030.
In addition, this month Bulgaria''s decarbonisation efforts have taken an important leap forward with the conclusion of the country''s first renewable energy with co-located battery energy
More ambitious projects – a European funded tender scheme for 1.4 GW/1.68 GWh renewables- plus-storage as well as 6 GWh of stand-alone storage – were previously announced but still
In addition, this month Bulgaria''s decarbonisation efforts have taken an important leap forward with the conclusion of the country''s first renewable energy with co
To assess the impacts of these developments on investment and deal flow, the American Council on Renewable Energy (ACORE) surveyed companies that actively develop or finance U.S.
Solar MD, a battery manufacturer based in South Africa, opened its LiFePO4 Energy Storage facility in Rousse last year. State-owned Bulgarian Energy Holding or BEH has established a subsidiary for green energy and
Bulgaria at a glance GDP growth: Bulgaria''s economic growth improved to 2.7% in 2024, driven by private and government consumption, despite a contraction in investment. We estimate a similar growth pace in 2025
Shanghai Sermatec Energy Technology has been awarded a contract for a 430+ MWh energy storage procurement project in Bulgaria. The company will provide a comprehensive, full
The US Energy Information Administration (EIA) says cumulative solar installations are expected to double from 91 GW to 182 GW from the end of 2023 to the end of 2026. Meanwhile, battery energy
Solar installation, Aytos Solar power in Bulgaria was expanded by 100 megawatts (MW) in 2011. A 16.2 MW solar power plant in Zdravetz, Bulgaria was expected to be completed in June 2012,
The EU Market Outlook for Solar Power 2022-2026 contains an updated forecast for the EU solar market in 2022 and projections of the evolution of the market through 2026.
The Electricity System Operator (ESO) expects Bulgaria to have up to 7,500 MW of energy storage systems by the end of 2026, which would open up opportunities for
PPC will add an 88-MW solar farm in Vedrare, Bulgaria, to its portfolio in Q1 2026, boosting annual green output by 140 GWh and cutting 70 kt of CO₂, as part of its drive toward 11.8 GW
