The Current State of the Bulgarian Power Market: Why is Energy Storage More Relevant than Ever? The Bulgarian power sector is currently attracting significant interest from foreign and
The Bulgarian energy ministry this week launched a public consultation on the conditions for an electricity storage tender procedure under the National Recovery and
Meanwhile, the costs of pumped hydro storage are expected to remain relatively stable in the coming years, maintaining its position as the cheapest form – in terms of $/kWh –
Have a technical advisor with previous experience in either a combined project for production and storage or standalone storage project with capacity of at least 20 MW;
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 country''s first closed licensed power
The MEGATRON 1MW Battery Energy Storage System (AC Coupled) is an essential component and a critical supporting technology for smart grid and renewable energy (wind and solar). The
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
Bulgaria has 500 MW/1,300 MWh of batteries online and could reach 7,000–10,000 MWh within 12–18 months, ESO says, supporting 10%–15% of daily power
No double network fees: access and transmission prices are paid only for the difference between the amount of electricity purchased from electricity market participants and the amount of
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
Bulgaria is taking bold steps toward a greener energy future, having recently wrapped up its most ambitious energy storage tender to date. With nearly 10 GWh of standalone energy storage capacity awarded—more
Simply put, climate urgency pushes for a quicker energy transition and modern energy storage solutions are integral for Bulgaria to be able to speed up the pace significantly without
Building on the success of its initial RESTORE procurement, which backed nearly 10 GWh of energy storage development, the Bulgarian Ministry of Energy has opened a
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 Energy.
Moreover, given balancing costs can make up to 10 percent of the final electricity prices in Bulgaria, utilizing energy storage to reduce system balancing costs will be passed on to reduce
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.
Introduction: The Ever-Changing Cost of Battery Energy Storage Systems (BESS) Battery Energy Storage Systems (BESS) are a game-changer in renewable energy.
On 21 August 2024, the Bulgarian Ministry of Energy opened a tender procedure for National infrastructure for storage of renewable energy (RESTORE) for granting stand-alone battery
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,
Battery energy storage systems (BESS) are playing an increasingly pivotal role in global energy systems, helping improve grid reliability and flexibility by managing the intermittency of renewable energy. But
A call for new energy storage capacity in Bulgaria has awarded 9,712.89 MWh of projects with a total investment value of BGN 1.149 billion (USD 675.8m/EUR 587.5m), the Balkan country''s energy ministry said on Thursday.
Bulgaria is now home to the largest electricity storage facility in the European Union. With an installed capacity of 124 MW and a capacity of 496 MWh, the battery built by
Introduction The price of 1MWh battery energy storage systems is a crucial factor in the development and adoption of energy storage technologies. As the demand for reliable
A South African investor opened a battery factory in Rousse last year Bulgaria is relying heavily on battery technology and energy storage overall in its energy transition. Belgian company ABEE launched a EUR 1.1 billion
Bulgaria''s Ministry of Energy will finance 82 standalone renewable energy storage projects with a combined grant budget of BGN 1.154 billion (~$675 million) under the
The two entrepreneurs intend to charge the batteries when the price of electricity is low and use them in peak periods. Developer won subsidy at tender for standalone energy
The Ministry of Energy of Bulgaria has allocated $656 million in grants for standalone energy storage projects. The deadline for applications is November 21.
The Energy and Water Regulatory Commission (KEVR) has imposed a deposit or bank guarantee of EUR 25,500 per MWh for battery developers. It said the goal is to curb speculative investments. Renalfa IPP
The use of a typical standalone storage system in 2025 is modeled based on our current power price forecasts from the first quarter of 2025 for the intraday and balancing
Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the
The Bulgarian Ministry of Energy has launched two renewables-plus-storage tenders to the tune of BGN 535 million ($298 million), accepting bids from companies in all sectors except agriculture
Developers in Bulgaria applied for 4.3 times more in grants for standalone energy storage than the budget. Funding is uncertain, though.
There was no minimum amount of financing per proposal, while the maximum grant was capped at BGN 148,643,080. The grants will cover up to 50% of the eligible costs with a ceiling of BGN 371,607.70 (without VAT) per 1
The report titled Returns Charge Ahead As Battery Prices Discharge notes that standalone Battery Energy Storage System (BESS) tariffs have stabilised in the range of ₹0.22–0.28 million per MW per month for two
Currently, Bulgaria’s electricity market offers an opportunity for €110 ($122) per MWh profit on battery energy storage with two hours of discharge capacity using energy arbitrage. Rystad Energy ’s analysis estimates battery system costs at a flat €60 ($67) per MWh.
Bulgaria has installed between 40 MWh and 50 MWh of battery energy storge capacity to date. However, new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility (RRF) could add another 1 GWh of storage capacity over the next two years.
Bulgaria’s energy storage tender is open to all technologies, but most projects are likely to have proposed lithium-ion battery energy storage systems (BESS) and Malinov mentioned battery projects in his comment.
The Bulgarian Energy Ministry opened a tender procedure for supply of energy storage on August 21, 2024. The procedure aims to provide funding for construction and implementation of a 3,000 MWh stand-alone battery storage facility. The total amount of the grant that can be provided under the procedure is €590 million ($ 536 million).
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.
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.
