Danish company Eurowind Energy is starting a solar photovoltaic project with 250 MW power capacity near the Tenevo village, Yambol district. The management of Eurowind
Presently, Bulgaria''s installed battery storage capacity stands between 40 MWh and 50 MWh. However, a new national legislation as well as funds through the European Union''s Recovery and Resilience Facility mean
St. George will be built on the site of the former Silistra airport, a decommissioned airfield covering 165 hectares. The project will comprise nearly 400,000 solar panels. With an average annual
⚡️ Electricity prices 🇧🇬 Bulgaria BG ⚡️ The latest energy price in Bulgaria is € 84.93 MWh, or € 0.08 kWh This is -9% less than yesterday. In Bulgaria ''s local currency this
The selected projects will deliver a total usable battery energy storage system (BESS) 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
New investments in renewable energy generation, primarily solar photovoltaics (PV) in Bulgaria and neighboring countries, drove down power prices during periods of high supply.
New investments in renewable energy generation, primarily solar photovoltaics (PV) in Bulgaria and neighboring countries, drove down power prices during periods of high supply. In May
OMV Petrom partners with Enery for €200M Gabare solar project in Bulgaria. 400 MW capacity with battery storage makes it Southeast Europe''s largest renewable facility
A combination of factors including increasingly low-cost solar PV, rising electricity prices, and increasingly liberalized electricity prices are combining to make solar PV an attractive way for
St. George will be built on the site of the former Silistra airport, a decommissioned airfield covering 165 hectares. The project will comprise nearly 400,000 solar panels. With an average annual power generation of 313 Gigawatt hours
In Bulgaria, electricity generation within the Solar Energy market is anticipated to reach 1.73bn kWh in 2025. The market is expected to experience an annual growth rate of 2.19% during the
International Power Supply (IPS), a Bulgarian manufacturer of battery energy storage systems, is about to launch operations at its new facility near Sofia. Its latest model has 8.2 MWh and fits into a standard container.
Just 300 MW of PV capacity was connected to the grid at the end of 2023 - but still three times as much as in the previous year. Due to high energy prices, low-cost photovoltaics are increasingly attracting the interest of
In Bulgaria too, utilities and independent power producers, grid operators, households or business and community consumers can all benefit from the different applications of energy storage
To help provide perspective on current market conditions, the report also provides modeled market price (MMP) analysis, which is more in line with previous benchmark reports, by using
A BESS facility of 124.1 MW in operating power was inaugurated in Lovech in Bulgaria. Located next to a photovoltaic park within Balkan Industrial Park, it is part of the
The selected projects will deliver a total usable battery energy storage system (BESS) capacity of 9,712.89 MWh, the Ministry of Energy said on April 17, more than three
PPC Group is the largest renewable energy producer in Romania, operating 25 wind, photovoltaic and hydroelectric facilities as well as battery storage units. Its subsidiary
APSTE: High state fees for PV panels, energy storage batteries inhibit electricity price decrease in Bulgaria 01 August 2025 - The government''s fees are between five and 10 times higher than the European Union average,
OMV Petrom partners with Enery for €200M Gabare solar project in Bulgaria. 400 MW capacity with battery storage makes it Southeast Europe''s largest renewable facility
Rystad Energy ''s analysis estimates battery system costs at a flat €60 ($67) per MWh. Some experts argue that so far energy storage is not a major issue in Bulgaria, thanks to Bulgaria''s plentiful operational coal and
The Association for Production, Storage, and Trading of Electricity (APSTE) has published a report on the technological development and market perspectives for the energy storage systems in Bulgaria.
Bulgaria - Renewable Energy Take advantage of our market research to plan your expansion into the Bulgarian oil & gas market. This guide includes information on: Current market needs, The
Rezolv Energy is building the St. George PV plant of 225 MW in peak capacity at the abandoned Silistra airport in northeastern Bulgaria.
Solar power generated 12% of Bulgaria''s electricity in 2023. [1] By the end of 2020 about 1 GW of solar PV had been installed. [2] It has been estimated that there is potential for at least another
The battery storage technologies do not calculate levelized cost of energy (LCOE) or levelized cost of storage (LCOS) and so do not use financial assumptions. Therefore, all parameters are
Neel: Natural gas and renewables complement each other "By investing in one of the largest photovoltaic projects in Bulgaria, we are strengthening our presence on this
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.
The Association for Production, Storage and Trading of Electricity (APSTE) warned that the government''s disproportionately high fees for photovoltaic panels and energy
PPC Group''s development in the Bulgarian Renewable Energy Sources (RES) market is marked by the start of construction of a new photovoltaic power plant with battery
Base year installed capital costs for BESS decrease with duration (for direct storage, measured in $/kWh), while system costs (in $/kW) increase. This inverse behavior is observed for all energy storage technologies and highlights the
The draft for the RESTORE tender for support to energy storage facilities in the electricity transmission system was issued for public consultation.
Specifically, according to data presented by Soltani at the RE-Source Southeast Conference, Bulgaria’s electricity market offers an opportunity for €110 per MWh profit with a battery energy storage system with two hours of discharge capacity using energy arbitrage. Rystad Energy’s analysis has set the battery system costs at a flat €60 per MWh.
“In fact, we are already seeing the transition to energy storage in Bulgaria, mainly through the development of battery storage facilities behind-the-meter,” Alexander Rangelov, CEO of the International Power Supply (IPS) Group, an energy storage manufacturer headquartered in Sofia, told pv magazine.
As a result, the market for distributed solar PV in Bulgaria is starting to grow. Remarkably, the growth of the market is occurring despite the lack of a clear policy and regulatory framework, and in spite of the presence of many administrative and tax-related barriers.
This is a large market with rapidly increasing purchasing power. For the first time after a decade, a 58 MW new large-scale solar photovoltaic power plant of the Bulgarian company Real States was connected to the grid in April 2022, with the expectation to be increased to 150 MW.
The Bulgarian Energy Ministry opened a tender procedure for supply of energy storage on August 21, 2024. The procedure aims to provide funding for construction and implementation of a 3,000 MWh stand-alone battery storage facility. The total amount of the grant that can be provided under the procedure is €590 million ($ 536 million).
Rising costs for fossil fuels and CO 2 emissions are already pushing electricity prices in Bulgaria to record high levels. In response, businesses are turning to renewable energy to lower their electricity bills.
