The Ministry of Energy of Bulgaria prepared EUR 589 million in grants for standalone energy storage projects. The deadline for applications is November 21. With the
On 21 August 2024, the Bulgarian Ministry of Energy opened a tender procedure for National infrastructure for storage of renewable energy (RESTORE) for granting stand-alone battery
At the end of 2019 Bulgaria pledged to update its national target for renewable energy and raised the share of wind, solar and other renewables to 27% of their energy consumption respectively
The facility will generate an estimated 313 GWh per year on average. Just a few months ago, the St. George PV system in the Silistra province would have been the
Executive Summary This report benchmarks installed costs for U.S. solar photovoltaic (PV) systems as of the first quarter of 2021 (Q1 2021). We use a bottom-up method, accounting for
The average wholesale electricity price in August 2025 in Bulgaria is forecast to amount to 101.7 euros per megawatt-hour, an increase compared to the previous month.
New investments in renewable energy generation, primarily solar photovoltaics (PV) in Bulgaria and neighboring countries, drove down power prices during periods of high supply.
The facility will generate an estimated 313 GWh per year on average. Just a few months ago, the St. George PV system in the Silistra province would have been the biggest in the country, which is enjoying a solar
Average capacity factors are calculated using county-level capacity factor averages from the reV model for 1998–2021 (inclusive) of the NSRDB. The NSRDB provides modeled spatiotemporal solar irradiance resource data at 4
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
Cost of capital in different countries for a 100 MW Solar PV project, 2019-2022 - Chart and data by the International Energy Agency.
In the second half of 2023, the average electricity price for non-household consumers in Bulgaria was €0.0718 per kWh. This is less than half the EU average of €0.1797 per kWh. Sample
Bulgaria: Per capita: what is the average energy consumption per person? When we compare the total energy consumption of countries the differences often reflect differences in population
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
At the end of 2021 cumulative installed wind power capacity in Bulgaria reached 704 MW (0.7 GW), which represents 16.3 % of the total installed renewable energy capacity in the country.
Constructing Bulgaria''s first hybrid power facility, the 237-MW Tenevo Solar Park. It will be accompanied by 250 MW of wind turbines and 250 MW/500 MWh of battery storage. A joint investment by Eurowind Energy and
Notes: 1 Min prices: for the Federal State the obligation to purchase at a minimum price is on the TSO; for the regions the obligation is on the distribution system operator (DSO). 2Wind, fi rst
Discover the annual operational costs for a 50 MW solar factory in Bulgaria. Our detailed financial model breaks down labor, energy, and real estate costs.
This auction is a crucial part of Bulgaria''s National Recovery and Sustainability Plan, aiming to support economic and social recovery post-pandemic while promoting the
The cost of capital for solar PV projects represent responses for a 100 megawatt (MW) project and for utility-scale batteries a 40 MW project. Values represent average medians across
Renewable energy resources are not a technology of the distant future – wind and solar generation are here and meet a significant part of current energy demand. There is also more room on the horizon for electricity
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.
Approximately 200 million EUR investments to encourage the combination of new renewables with local electricity storage facilities (totaling around 200 MW); Transformation of AES
The energy losses in a battery storage system can range from 5% to 20%, depending on the technology and operating conditions. Assuming an average energy loss of
Launched on March 14, 2024, the last date for bid submission for these tenders is June 12, 2024. The launch of these tenders follows a consultation round opened by the ministry in October 2023 for 520 MW wind and solar energy along with
storage is hindering Bulgaria in the development of an energy storage market. Furthermore, Bulgaria''s energy legislation and grid codes have been historically written with thermal plants in
Greek electric power company Public Power Corporation (PPC) said it has begun construction of a 165 MWp solar photovoltaic (PV) plant with a co-located battery energy storage system (BESS) in Stara Zagora, central
This represents an average of approximately 73 MW AC; 86% of the installed capacity in 2022 came from systems greater than 50 MW AC, and 52% came from systems greater than 100 MW AC.
The new photovoltaic plant with the capacity of 165MW is added to the 18MW installed capacity of the Garda wind farm, already operated by the PPC Group in Bulgaria.
Distribution of solar potential Distribution of wind potential Annual generation per unit of installed PV capacity (MWh/kWp) Wind power density at 100m height (W/m2)
Solar Installed System Cost Analysis NREL analyzes the total costs associated with installing photovoltaic (PV) systems for residential rooftop, commercial rooftop, and utility
Of the total global solar PV capacity, 0.20% is in Bulgaria. Listed below are the five largest active solar PV power plants by capacity in Bulgaria, according to GlobalData''s
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
⚡️ Electricity prices 🇧🇬 Bulgaria BG ⚡️ The latest energy price in Bulgaria is € 122.12 MWh, or € 0.12 kWh This is 9% more than yesterday. In Bulgaria ''s local currency this
At the end of 2022, Bulgaria's cumulative installed solar PV capacity exceeded 1,700 MW (1.7 GW). 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 investors will build new solar projects between 2023 and 2025.
This is a large market with rapidly increasing purchasing power. For the first time after a decade, a 58 MW new large-scale solar photovoltaic power plant of the Bulgarian company Real States was connected to the grid in April 2022, with the expectation to be increased to 150 MW.
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 investors will build new solar projects between 2023 and 2025. In the last few years, Bulgaria has been the focus of the investors’ interest.
ablish a reliable energy system with greater share of intermittent generation. In the context of Bulgaria’s energy landscape, energy storage solutions present a diverse array of benefits to various stakeholders stemming fro its unique ability to time-shift energy and rapidly respond when called upon. The applic
The Verila solar power plant in Bulgaria. Source: Electrohold Bulgaria. The two tenders, launched under Bulgaria's national and resilience plan, aim to help 1,425 MW of new renewable energy generation capacity with 350 MW of energy storage join the grid. Funding support is offered only for the storage component.
The announcement of the tenders follows a public consultation initiated in October 2023. (BGN 1 = EUR 0.511/USD 0.557) The Bulgarian energy ministry on Thursday opened to applications two procedures to support renewable energy sources with co-located storage with an overall budget of over BGN 535 million (EUR 274m/USD 298m).
