In the wake of the publication of the EU Market Outlook for Solar Power 2023-2027, it is worth taking a closer look at Eastern Europe, a region that has demonstrated
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.
This report provides an in-depth look at the market for distributed solar PV for both households and businesses (i.e. residential and commercial prosumers) in Bulgaria. Prosumers are defined
A joint venture of Bulgarian-German solar park installer SUNOTEC and Bulgarian holding company Eurohold Bulgaria (BUL:EUBG) has sealed financing agreements to support
The first tender, with a total budget of BGN 107.6 million, will finance the construction of solar and wind projects and co-located energy storage facilities with installed capacities between 200
The Bulgarian group Eura Energy, through its special purpose subsidiary Tenevo Solar Technologies, has secured €103m in financing for the development of its 238
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital
The Austrian renewable energy company Enery and Romanian oil and gas company OMV Petrom have launched a joint venture to build and operate one of the largest photovoltaic and battery
Article by Svetlin Pislenski, Senior Banker at the EBRD, outlining the bank’s role in green finance, record investments in renewable energy, and support for
Conclusion Battery energy storage systems represent a keystone for the transition towards a more sustainable energy generation and utilisation. Despite the value and advantages that they offer to enhance grid
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital and project finance. I''m also including some
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
Is Bulgaria relying on battery technology & energy storage? A South African investor opened a battery factory in Rousse last year Bulgaria is relying heavilyon battery technology and energy
Battery energy storage systems can address the challenge of intermittent renewable energy. But innovative financial models are needed to encourage deployment.
Solar Green Energy is a company engaged in the production of electricity from renewable sources with a focus on the development of new environmental projects in Bulgaria and Southeast
The European Bank for Reconstruction and Development (EBRD) is lending up to €50 million to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria.
Discover how India''s largest solar battery project is driving the country''s clean energy future. Learn about the project''s impact on energy storage and sustainable power
Battery factory launches operations in Rousse in Bulgaria Solar MD already ships its products to Turkey. The CEO earlier valued the investment in Bulgaria at EUR 1.53 million and said the
Solar PV capacity accounted for 16.4% of total power plant installations globally in 2023, according to GlobalData, with total recorded solar PV capacity of 1,496GW. This is
The Tenevo solar plant will add 238 MW of solar capacity to Bulgaria''s energy grid, with plans to eventually include 250 MW of energy storage. This project is crucial for
The first tender, with a total budget of BGN 107.6 million, will finance the construction of solar and wind projects and co-located energy storage facilities with installed
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.
In collaboration with: The Middle East and North Africa saw 2019 again confirm the growth and importance of commissioning large projects and launching additional phases of their renewable
EBRD finance for Tenevo merchant solar plant is Bank''s first InvestEU-supported project in Bulgaria EBRD lends €50 million to build and operate a 237.6 MWp solar PVplant in Bulgaria ·
Notably, Bulgaria is struggling to meet the conditions and deadlines for NRRP funding, including for battery projects. Moreover, the ministry apparently decided not to move
Financing renewable energy projects made easy. Explore diverse funding sources, incentives, and expert tips to transform your clean energy dreams into reality.
Connecting these projects to the grid takes between 3 and 9 months, depending on the scale. Recently, a guarantee of 25,000 euros for each MW of installed capacity has entered into effect in Bulgaria, which investors
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
Bulgaria has opened a new scheme for renewable energy aimed at small and medium-sized companies, with the state ready to fund up to 1 megawatt of electricity and
What is Bulgaria''s first hybrid power facility? 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
Our Solar Future Roadmap to Mobilize USD 1 Trillion by 2030 Jennifer Layke, Laura Van Wie McGrory, Xixi Chen, Jan Corfee-Morlot, and Kevin Kennedy
The Bulgarian government has been vigorously pursuing renewable energy initiatives in recent years. In May 2021, the country committed to phasing out coal by 2038 and
The Integrated Energy and Climate Plan of Bulgaria 2021 – 2030 (the ‘Integrated Plan’) envisions adding 2,600 megawatts of renewable capacity by 2030. In 2023, ESO confirmed applications for renewable energy sources (‘RES’) projects totalling 40,000 megawatts. They anticipate adding 5,000 megawatts by 2031.
Depending on the various sources of information (official or commercial), Bulgaria is envisaging at least 2 645 megawatts peak renewable capacity increase by 2030 (2,174 megawatts solar and 249 megawatts wind).
Currently, Bulgaria operates over 800 megawatts of wind projects Bulgaria has an annual average of 2,100 hours of solar irradiation. As of 2023 over 1,700 megawatts project are operational in Bulgaria and it is growing substantially. Geothermal energy is gaining attention, with legislative proposals to harness Bulgaria's geothermal potential.
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.
At the close of 2024, Bulgaria’s solar PV capacity had already reached 3.91 GW—an annual increase of over 1 GW. These developments come on the heels of Bulgaria’s first renewable energy auction held in late 2024, where more than 3 GW of generation and 1.176 GW of storage capacity were secured.
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.
