Engineering, procurement and construction company Solaris Holding AD on Tuesday opened a hybrid renewable energy park in Pernik, Bulgaria, with a solar photovoltaic
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.
On September 19, the construction of Bulgaria''s first hybrid project for renewable energy began, which includes capacities of 238 MW of solar power, 250 MW of wind turbines and batteries that store up to 500 MWh of energy. The solar part,
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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
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.
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.
/SOFIA, BULGARIA, May 22, 2025, 11:00 CET, RENEWABLE MARKET WATCH™/ Bulgaria is now home to the largest electricity storage facility in the European Union. This facility,
On September 19, the construction of Bulgaria''s first hybrid project for renewable energy began, which includes capacities of 238 MW of solar power, 250 MW of wind turbines and batteries
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Bulgaria''s largest commissioned system to date is a 25MW/55MWh installation by Renalfa (June 2024), followed by an 18.7MWh project from China-based Sermatec. In
DNV, the independent energy expert and assurance provider, has enabled Zelestra to secure a $282 million green financing package for Chile''s Aurora project—a
The deadline for submission of standalone battery storage project proposals was December 5, 2024. The Bulgarian Ministry of Energy announced on December 6 that it has received 151 project proposals worth
Bulgaria will finance 82 projects worth over 1.14 billion levs ($662 million/583 million euro) under an EU-funded initiative to build renewable electricity storage facilities with a
This event will bring together key stakeholders from across the region to explore the latest trends in energy storage, with a focus on the increasing integration of energy storage into regional grids, evolving
Independent energy expert and assurance provider DNV has been playing a key role in providing advisory services to Atlas Renewable Energy to secure $510 million in
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. The selected projects will
Construction of Bulgaria''s first hybrid renewable energy complex, Tenevo RES, has begun by Danish Eurowind Energy and Austrian Renalfa IPP, who will operate the project
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.
Implications for the Energy Sector This project marks a significant step forward in the energy sector, particularly in terms of energy storage and management. The financing of Oasis de
CMS Sofia acted as the lead legal advisor to DSK Bank AD (part of the OTP Group) and the sponsors — leading Bulgarian renewable energy developers — in connection
Bulgaria has taken a major step forward in its renewable energy strategy with the inauguration of a 124 MW / 496.2 MWh battery energy storage system (BESS) in the north-central city of Lovech.
Similar to other renewable energy projects, the addition of construction bridge debt provides an additional source of capital to pay construction costs, but also adds
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.
Sofia, 28 July 2025 – Wolf Theiss advised Raiffeisen Bank International (RBI) on the structuring and implementation of a non-recourse project financing facility to support the development of
The construction of Bulgaria''s solar park Tenevo Solar, the first stage of the first hybrid renewable energy complex Tenevo, has begun. The Tenevo RES complex will also
Solaris Holding AD, a joint venture between the Bulgarian-German company SUNOTEC and the primary shareholders of Eurohold Bulgaria AD, has officially opened a new
To date, the company has delivered more than 600 MW of renewable energy projects and 2,000 MWh of storage capacity in Bulgaria. The Selanovtsi PV project provides
The programs are for renewable electricity plants with energy storage units. The Bulgarian Ministry of Energy said it completed two funding rounds under the National Recovery
Project Finance Brief: Enlight Secures $310 Million for Hybrid Renewable Project European Energy secures financing for renewable and storage project portfolio June 11, 2025 /
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.
Bulgaria’s standalone energy storage tender, which aimed to procure at least 3 GWh of cumulative usable capacity, ultimately awarded more than three times that amount. From ESS News
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. To continue reading, please visit our ESS News website. This content is protected by copyright and may not be reused.
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.
