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 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 Lovech, is set to enhance the stability of the
With Bulgaria''s adoption of a dynamic electricity tariff mechanism, energy storage systems are becoming increasingly vital for enhancing energy efficiency and maximizing
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
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
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
That round selected 82 standalone renewable energy storage projects, with a total investment exceeding 1.15 billion levs ($675 million), under the EU-funded initiative.
In a matter of months, Bulgaria''s total solar power capacity is set to exceed 3 GW, compared to just 1.3 GW at the end of 2021. The lineup in the list of the largest
Developers of 82 standalone battery projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies.
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.
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,
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
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
Bulgaria will finance 82 standalone renewable energy storage projects worth over 1.15 billion levs ($675 million) under its EU-funded procurement exercise named RESTORE.
Bulgaria on Wednesday launched a long-delayed tender for at least 3,000 MWh of new energy storage capacity as part of its efforts to increase the share of renewable energy
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.
That round selected 82 standalone renewable energy storage projects, with a total investment exceeding 1.15 billion levs ($675 million), under the EU-funded initiative. The
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
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
Recycling and decommissioning are included as additional costs for Li-ion, redox flow, and lead-acid technologies. The 2020 Cost and Performance Assessment analyzed energy storage
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
Source: ENTSO-E In Bulgaria, there are 242 hydropower plants in operation. In total, the National Electric Company (NEK) owns 30 conventional hydro and pumped storage plants with a total
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
Chinese clean energy technology company Sigenergy has completed a 20-MWh utility-scale battery energy storage system (BESS) project in Malko Tarnovo, southern Bulgaria.
Sigenergy deployed a 20 MWh modular energy storage system on a solar power plant in Bulgaria, demonstrating a targeted industrial investment in high-efficiency storage technologies.
In Hungary, up to 45% of the project costs for large-scale battery storage are covered by grants, in addition to a CfD program and grid connection facilitations. See also: Central & Eastern Europe - Utility-scale storage market
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
Sermatec advances Sino-European green energy collaboration and returns by securing a 430+ MWh energy storage project in Bulgaria.
A total of 249 projects focused on renewable electricity production and energy storage, valued at nearly 268 million euros will be funded through Bulgaria''s National Recovery
Every new energy storage project represents an investment in American energy dominance. The near-exponential growth of the sector reflects increasing recognition of energy storage as a
Bulgaria''s Ministry of Energy will finance 82 standalone renewable energy storage projects with a combined grant budget of BGN 1.154 billion (~$675 million) under the EU-backed RESTORE procurement
Companies can compete for a total of EUR 589 million, with each eligible firm allowed to apply for up to EUR 75.9 million per project. Funding will cover a maximum of 50%
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.
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 deadline for submission of project proposals was December 5, 2024.
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 deadline for submission of project proposals was December 5, 2024. The Bulgarian Ministry of Energy announced on December 6 that it has received 151 project proposals worth nearly BGN 5 billion, which far exceeded the available funding of BGN 1.154 billion. Of the submitted proposals, 118 projects—totaling BGN 1.6 billion—were shortlisted.
