This data tool compares European electricity prices, carbon prices and the cost of generating electricity using fossil fuels and renewables. Where possible, data is provided by
If we take this policy driven growth scenario of close to 7 GW new RES plus 1,750 MW of energy storage systems by 2030, over 100,000 renewable energy/storage jobs will be created in
Maximum support per plant is EUR 549,000 per MW, excluding value-added tax, of the storage unit''s operating power. The other tender, for renewable electricity projects of at least 200 kW, is intended for large enterprises.
Energy storage in the Central and Eastern Europe (CEE) region is expected to soar in the next few years, with EU-backed schemes like this often providing the initial jump start before commercial models are mature enough
Bulgaria already held the first two tenders for battery energy storage systems (BESS) that would be integrated with renewable electricity plants. Bulgaria gives special focus
The amount mostly dropped because of the rollout of obligatory bank guarantees of EUR 25,600 per MW. It was later expanded to energy storage as well. Investor interest is
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 EU-backed RESTORE procurement
1. INTRODUCTION Bulgaria is poised for significant transformations of its energy system in the coming decades leading up to 2050. Among the major drivers for this are the rapidly
In addition, this month Bulgaria''s decarbonisation efforts have taken an important leap forward with the conclusion of the country''s first renewable energy with co-located battery energy storage systems tender,
Each project can receive up to 50% of its approved costs per MWh, with a maximum grant of 76 million euros per project. Launched in August, the tender was delayed
The construction of the solar park Tenevo Solar, the start of the first hybrid renewable energy complex Tenevo, has begun. The Tenevo RES complex will also include
PPC Group announces expansion into the Bulgarian market by starting construction of a new photovoltaic power plant with battery storage, with a total installed
The Bulgarian authorities awarded BGN 526 million ($284 million) to 397 renewable energy projects in the country''s latest procurement exercise.
Bulgaria - Renewable Energy Take advantage of our market research to plan your expansion into the Bulgarian oil & gas market. This guide includes information on: Current market needs, The
PVMars lists the costs of 1mwh-3mwh energy storage system (ESS) with solar here (lithium battery design). The price unit is each watt/hour, total price is calculated as: 0.2 US$ * 2000,000 Wh = 400,000 US$. When solar modules
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 MW/500 MWh of battery
While renewable energy from energy storage comes from the technologies listed, this analysis specifically looks at the MW average dollar per MW from energy storage projects, regardless of
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
Additional notes: Capacity per capita and public investments SDGs only apply to developing areas. Energy self-sufficiency has been defined as total primary energy production divided by
This data tool compares European electricity prices, carbon prices and the cost of generating electricity using fossil fuels and renewables. Where possible, data is provided by country.
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.
Solaris Holding has inaugurated a solar power plant with an energy storage facility on a former industrial waste site in Pernik, near Bulgaria''s capital Sofia. The hybrid park
On September 19, the construction of Bulgaria''s first hybrid project for renewable energy began, which includes capacities of 238 MW of solar power, 250 MW of wind turbines and batteries that store up to 500 MWh of energy. The solar part,
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 MW/500 MWh of battery storage. A joint investment by Eurowind Energy and
Prepared by SeeNext and Gugushev & Partners this report provides a comprehensive analysis of the Bulgarian renewable energy market, including market dynamics over the period 2020-2022, regulatory changes up until
This auction is a crucial part of Bulgaria''s National Recovery and Sustainability Plan, aiming to support economic and social recovery post-pandemic while promoting the
In summary, Bulgaria is on a clear path toward a more sustainable and diversified energy sector, with significant opportunities for growth in solar, wind, and energy storage. Continued policy
The Tenevo hybrid power plant, the first in Bulgaria, will consist of a solar and wind power plant and a battery storage system. Eurowind Energy and Renalfa IPP marked the start of the construction of the photovoltaic
Developers of 82 standalone battery projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies.
Fortunately, Bulgaria sits in the privileged position where it can profit from the experiences of other energy systems with high renewable shares. Here, battery-based energy storage is integrated
For example, in 2014, the reported capacity-weighted average system price was higher than 80% of system prices in 2014 because very large systems with multiyear construction schedules
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.
It follows the results from a similar scheme in Bulgaria which provided financial support for renewables and energy storage projects, which saw some 3,095MW of renewables and 1,176MWh of projects win support, announced last month.
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).
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.
The successful implementation of battery projects will significantly contribute to the security of the energy system in Bulgaria and the region.” The scheme was opened by the Ministry in May, and approved by the EU last month.
The portion reportedly totals €653 million, separate to the above scheme, is related to delays in specific reforms needed to access the funding. The Energy Storage Summit Central Eastern Europe is set to return in September 2025 for its third edition, focusing on regional markets and the unique opportunities they present.
