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
Bulgaria''s Ministry of Energy has launched two tenders to add 1,425MW of renewable power generation to the grid and 350MW of battery energy storage system (BESS) projects.
The rise of BESS in Australia Australia has 25 big battery projects currently connected to the grid. This is a remarkable achievement, given that prior to 2017, the country had almost no BESS capacity to speak of. The country
Total project costs for utility-scale BESS are expected to fall by another 16% between 2021 and 2025. These battery cost reductions will be driven by increasing battery demand from the
Netherlands-based developer Giga Storage has obtained the irrevocable permit for the construction of a 600 MW/2,400 MWh battery energy storage system (BESS) project in Belgium.
The majority of newly installed large-scale electricity storage systems in recent years utilise lithium-ion chemistries for increased grid resiliency and sustainability. The capacity of lithium
We project average within-day wind output swing of around 25GW (pre-curtailment), with solar outputs swings closer to 50GW by 2030. These drive very large intraday system balancing requirements. Thermal plant
The auction is designed to promote investment in large-scale power generation projects for decarbonisation with a procurement target of 1 GW per annum across BESS and pumped hydro assets. BESS must have a
The global energy storage market is expected to add over 220 GWh of new capacity in 2025, driven by a rise in tenders for BESS projects, many of which may be
The Australian Battery Energy Storage Systems (BESS) market has attracted significant investment interest due to its crucial role in supporting renewables penetration and ensuring
Go-ahead given for Hinckley BESS and Maldon BESS online In related news, in England, Balance Power has secured planning approval from the UK government for its planned 49.5 MW/99 MWh Hinckley BESS project in
Before the commissioning of the Lovech facility, Bulgaria''s largest BESS was a 25 MW / 55 MWh system developed by Renalfa IPP in 2024. The new project therefore marks a significant scale-up in both power and
Go-ahead given for Hinckley BESS and Maldon BESS online In related news, in England, Balance Power has secured planning approval from the UK government for its
The most relevant recent development for BESS operators in the Italian market is the introduction of MACSE. MACSE is a new capacity auction which offers 15-year contracts for energy storage projects. The first MACSE
Nevertheless, achieving up to 27 GW of battery capacity by 2030 will depend on many factors, particularly investor and developer confidence in return on investments (ROI). Lower
BESS Revenue Models German BESS revenues fell below 100 €/kW/yr in Q1''2024 due to mild winter and weak gas prices. By Q3, revenues recovered above 150 €/kW/yr, supported by market volatility and automatic
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.
The global energy storage market is expected to add over 220 GWh of new capacity in 2025, driven by a rise in tenders for BESS projects, many of which may be commissioned this year. India''s BESS market is also
Explore Bulgaria''s battery energy storage system (BESS) regulations, financial incentives and compliance with EU directives. Learn why Bulgaria is a growing market for energy storage investments.
The era of battery energy storage applications may just be beginning, but annual capacity additions will snowball in the coming years as storage becomes crucial to the world''s energy landscape. Rystad Energy
We project average within-day wind output swing of around 25GW (pre-curtailment), with solar outputs swings closer to 50GW by 2030. These drive very large
In the Eighth Power Development Plan (PDP 8), Vietnam set a target of developing at least 300MW of energy storage by 2030. A substantial BESS pilot project under Vietnam Electricity was launched in early 2024, but a
Normally, a battery storage itself is an installation, but there are various hypotheses when defining it may become more complicated and result in BESS being treated
In today''s article we line these 3 markets up ''head to head'' and look at BESS revenue stack performance in 2024 (vs the last 3 years). Key drivers of BESS revenue stack in 2023-24 There are some important common
This legislation could impact how BESS projects are developed and approved, potentially leading to new compliance requirements for operators. Clean Power 2030 and
This report provides an outlook on battery energy storage system (BESS) buildout in Great Britain (GB) until the end of 2024. We have taken a bottom-up approach, building a list of projects by
Australia has become a market leader in BESS. Discover what is driving BESS adoption and the region''s storage plans for the future.
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.
Inea Consulting Ltd. is engaged in the technical design and financial modelling for a 100MW/400MWh standalone battery energy storage system (BESS) project in Bulgaria.
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
1. Expected Tender Requirements The BESS tender is part of Bulgaria''s RESTORE Project, which aims to provide funding for constructing and putting into operation at
The Sustainable Energy Development Agency (SEDA) – Focuses on energy efficiency and secondary legislation related to BESS. Conclusion Bulgaria''s regulatory advancements create an attractive
The system is the largest in Bulgaria. Image: Renalfa IPP. A 25MW/55MWh battery energy storage system (BESS) has been commissioned in Bulgaria, Eastern Europe, by operator Renalfa IPP, using technology provided
Looking ahead, it''s expected the global BESS market will reach $120-$150 billion by 2030. BESS project operators: Time to review asset valuations The increasing level
The Ministry of Energy of Bulgaria has selected 82 winning energy storage projects for a share of BGN 1.15 billion (€588 million) in financial support. Power generation firm Hidroelectrica has enlisted local firms Prime Batteries Technology and Enevo to deploy a large-scale BESS project in Romania.
Power generation firm Hidroelectrica has enlisted local firms Prime Batteries Technology and Enevo to deploy a large-scale BESS project in Romania. Ministry of Energy of Bulgaria tendering to add 1,425MW of renewable generation to the grid and 350MW of battery storage projects.
As Bulgaria continues to invest in energy storage and renewable technologies, the Lovech BESS stands as a testament to the country’s efforts to modernize its energy infrastructure and ensure a sustainable energy future for its citizens.
Looking ahead, it’s expected the global BESS market will reach $120-$150 billion by 2030. The increasing level of investment in BESS has prompted competition between all major integrators seeking to capitalize on the opportunity to expand market share and capitalize on demand.
The maximum financing for one project for one enterprise is up to BGN58.7 million. The financing will cover up to 50% of the eligible costs, with a maximum of BGN743,215 for 1MW of installed capacity of the BESS. The Bulgarian government started a public consultation on the country’s first renewable energy auction in October 2023.
1. Expected Tender Requirements The BESS tender is part of Bulgaria’s RESTORE Project, which aims to provide funding for constructing and putting into operation at least 3000 MWh in battery storage capacity to enhance the balancing of the electricity system. Each enterprise can bid for up to BGN 148,642,080 in grant support.
