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
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
For the purpose, OMV Petrom will purchase a 50% stake in the project developer, Dunav Solar Plant EOOD, from Enery Element, a joint venture between Enery Development and renewable energy firm Element Power RE
Hithium has launched a 55 megawatt hours (MWh) battery energy storage system (BESS) project in Razlog, southwestern Bulgaria. The project, the largest in Eastern Europe, has been realised by Solarpro, a
With 2024 drawing to close, thoughts move to the future and what 2025 may hold in the EV and battery industry. Here are some key themes to watch for 2025 in the EV, battery, charging, ESS, recycling and motor &
Import capacity charges are not time differentiated and in ROI lack any locational element due to the categorisation of ESS as demand. This means they fail to reflect the value that ESS offer
Yield compression is expected to stabilize as the market reaches equilibrium between supply and demand. Looking ahead 1-5 years, Sofia''s rental market benefits from Bulgaria''s EU membership, growing tech
Search all the announced and upcoming GUSESS projects, bids, RFPs, ICBs, tenders, government contracts, and awards in Bulgaria with our comprehensive online database.
This investment aims to expand the country''s energy infrastructure and support the growing share of intermittent renewable power, particularly from solar and wind.
This information was prepared as an account of work sponsored by an agency of the U.S. Government. Neither the U.S. Government nor any agency thereof, nor any of their employees,
The projects are at various stages of development. According to The Mobility House, the battery projects are in advanced development, with full commercialization expected
The European Commission said on Monday that it projects Bulgaria''s real economy to expand by 2% in 2025, lowering its 2.9% growth forecast made in November.
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
This week, ESS'' Energy Center™ product line surpassed another major milestone with the commissioning of the first Energy Center™ project following the previously
The RESTORE tender is funded under Bulgaria''s National Recovery and Resilience Plan (NRRP), which aims to significantly increase the share of energy from renewable sources in the nation''s energy mix, while
Bulgaria aims to join the Eurozone on January 1, 2025, after joining the European Exchange Rate Mechanism in July 2020 and the EU''s Banking Union in October 2020. Inflation has trended
Bulgaria at a glance GDP growth: Bulgaria''s economic growth improved to 2.7% in 2024, driven by private and government consumption, despite a contraction in investment. We estimate a similar growth pace in 2025
The company aims to add a 10MWh BESS unit to its new Vacha 1 hydropower plant by the end of 2025 and has launched a call to do the same at four others. Those four
2 Based on independent assurance provider DNV''s global database of 4,210 ESS projects totalling 32GWh and publicly available information as of January 5, 2023 for a
Since 2023, the battleground of pricing has grown fiercer, with the cost of lithium carbonate plummeting, signaling an escalation in the price wars of ESS tender projects. Amidst industry fluctuations, pricing has emerged as
The Balkan country''s Energy Ministry said this weekend it has completed the evaluation of investment proposals under two procedures aiming to support the deployment of renewable energy plants and batteries.
Reflecting on recent market trends, the cost of lithium carbonate and ESS bidding prices have remained at a low point, fostering an advantageous environment for heightened ESS demand. Although the ESS market is
Bulgaria at a glance GDP growth: Bulgaria''s economic growth improved to 2.7% in 2024, driven by private and government consumption, despite a contraction in investment.
4 天之前· The challenge with Renewable Energy sources arises due to their varying nature with time, climate, season or geographic location. Energy Storage Systems (ESS) can be used for storing available energy from Renewable
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.
Discover why 2025 is the perfect year to buy a property in Bulgaria. Explore trends in urban, coastal, and industrial real estate markets, and learn about sustainability, government support,
The European Commission said on Monday that it projects Bulgaria''s real economy to expand by 2% in 2025, lowering its 2.9% growth forecast made in November.
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
A total of 151 project proposals were submitted in Bulgaria''s standalone energy storage procurement procedure named RESTORE, which is seeking to support the construction and commissioning of renewable energy
The international agency Fitch Ratings has raised its forecast for Bulgaria''s gross domestic product (GDP) growth. The new estimate is for 3.1% for 2025, while the
According to the European Commission''s Spring 2025 Economic Forecast, Bulgaria''s economy is projected to grow at a slower pace, with GDP expected to rise by 2% in
As Europe races toward climate neutrality, Bulgaria’s surge in storage capacity signals a shift not only in national priorities but also in regional energy dynamics.
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.
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.
