This is an important project to advance towards Bulgaria''s ambitious net-zero greenhouse gas emissions target by 2050 and reduce reliance on coal generation, which still dominates in the power system.
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
Revised February 13, 2023 Below are slides the authors prepared about tax credit opportunities and development challenges for battery storage. Tax benefits available after passage of the IRA: What is storage?
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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
The deadline for putting the project into operation is 31 March 2026. A key requirement is that a conceptual design of the project must be submitted in the application
Bulgaria is one of the main beneficiaries of EU funds (measured as a share of GDP) over the 2021 2027 financing period, and complementarity with RRF resources is
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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;
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When signing the grant agreement, a bank guarantee for good performance in the amount of 10% of the approved grant must be provided. The grant financing is disbursed in one lump sum after
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
Implementing this project is undoubtedly quite difficult and risky. However, if the government manages to organize a good international tender to attract an investor in the battery plant and it is indeed built within the next two
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Projects will need to be operational by 31 March, 2026. The funding comes from Bulgaria''s portion of the EU-wide Recovery and Resilience facility, the bloc''s scheme to
Implementing this project is undoubtedly quite difficult and risky. However, if the government manages to organize a good international tender to attract an investor in the
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At a ceremonial signing on February 17, 2025, BPI and Chinabank formalized their commitment to fund the Magat BESS Phase 2, while BPI and BDO agreed to finance the Binga BESS project. The BESS projects,
Bulgaria has called for applications in a tender process for about 3 GWh of energy storage capacity in the country. The scheme was announced earlier in June this year.
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Bulgaria Battery Storage Facility Tender gets support from us here at Blake Clough On 21 August 2024, the Bulgarian Ministry of Energy opened a tender procedure for
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The purpose of the scheme is to add at least 3 GWh of new electricity storage facilities to the Bulgarian power system, which will help to integrate a higher share of renewable energy sources in the energy mix and to guarantee security and stability. The aid will take form of direct grants. The scheme will be open to all storage technologies.
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.
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.
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.
Grant funding is capped at BGN 148.6 million per project, covering up to 50% of eligible costs, and limited to BGN 371,607.70 per MWh of usable capacity (excluding VAT). This tender marks a significant milestone in Bulgaria’s broader decarbonization agenda.
