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The upcoming solar power program in Bulgaria for municipalities and small businesses will create Europe''s biggest energy community, Minister Zhecho Stankov claims.
The Ministry of Energy of Bulgaria has selected 82 winning energy storage projects for a share of BGN 1.15 billion (€588 million/US$670 million) in financial support.
Enery and OMV Petrom form a 50-50 joint venture to build the 400 MW Gabare solar park in Bulgaria, eyeing 600 MWh storage and EUR 200 m investment by 2027.
A joint venture of Bulgarian-German solar park installer SUNOTEC and Bulgarian holding company Eurohold Bulgaria (BUL:EUBG) has sealed financing agreements to support
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
As with all project finance transactions, project companies must show that the project can support a steady and reliable stream of cashflows. Traditionally, energy storage projects have had long-term offtake agreements,
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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
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Austria-based renewable power producer Enery Development GmbH will establish an equally-owned joint venture with Romanian oil and gas group OMV Petrom (BSE:SNP) to develop a 400-MW solar project in Bulgaria,
A key highlight of the event was a visit to a landmark 20 MWh project in Malko Tarnovo, powered by Sigenergy''s modular C&I battery energy storage system (BESS).
CMS Sofia acted as lead legal advisor to United Bulgarian Bank (part of the KBC Group) and the sponsor Solaris Parks, a leading Bulgarian renewable energy developer,
While a quick poll at the opening session of the Battery Business & Development Forum 2025 suggested that financing is no longer seen as the biggest hurdle for battery storage deployment, the session "Bankability
Developers of 82 standalone battery storage projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies from the Ministry of
As with all project finance transactions, project companies must show that the project can support a steady and reliable stream of cashflows. Traditionally, energy storage
Sigenergy brought together 300 energy professionals in Burgas, Bulgaria, to explore the future of commercial and industrial energy storage. A key highlight was the visit to the 20 MWh Malko Tarnovo project, powered by the
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The closing of the transaction is expected to take place in the second part of 2025, after fulfilment of certain conditions. "By investing in one of the largest photovoltaic
Experts predict what 2025 holds for U.S. energy policy: EV battery costs fall, energy storage demand surges, carbon removal hits scale, permitting reform in D.C.
Bulgaria''s recovery and resilience plan*This value includes also the part of the plan which is financed with national resources. 50 investment streams and 47 reforms 57.5% of the plan will support climate objectives 23.1% of the plan will
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
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, and Enery become partners in a large-scale photovoltaic project located in Byala Slatina, near
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 Shanghai-based manufacturer has installed 90 SigenStacks at a solar project in Malko Tarnovo, Bulgaria, near the Turkish border. Each unit features a 110 kW hybrid inverter, battery managment system, and five battery
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.
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.
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.
