Foreword As part of the U.S. Department of Energy''s (DOE''s) Energy Storage Grand Challenge (ESGC), DOE intends to synthesize and disseminate best-available energy storage data,
The Electricity Advisory Committee (EAC) submitted its last five-year energy storage plan in 2016.1 That report summarized a review of the U.S. Department of Energy''s (DOE) energy
The Bulgarian Ministry of Energy has invited public comment on an initiative for tenders for 3GWh of renewable power and storage capacity.
The difference is that energy storage projects have many more design and operational variables to incorporate, and the governing market rules that control these variables are still evolving.
Unlike in major markets where the benefits of energy storage are clearer, in these emerging markets, uncertainties are delaying project commitments. What are your thoughts on
Green infrastructure projects (such as renewable energy generation and storage, green transport investments), CCS or large industrial green projects etc. may require InvestEU guarantees or
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 two calls in Bulgaria, developers of 249 projects will receive EUR 268 million in total state aid. The programs are for renewable electricity plants with energy storage
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
In autumn 2024 two draft regulations were published regarding state aid for large-scale electricity storage systems (BESS), one from the Modernisation Fund ("MF ") 1 - and the second under the National Recovery
Bulgaria''s standalone energy storage tender, which aimed to procure at least 3 GWh of cumulative usable capacity, ultimately awarded more than three times that amount.
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
Are you looking for information on energy storage regulation in Bulgaria? This CMS Expert Guide provides you with everything you need to know.
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
The projects should bring 2.66 gigawatts of renewable energy capacity and 1 gigawatt (2 gigawatt-hours) of storage capacity to the electricity system. Currently, funding
The following article covers Bulgaria''s current energy mix, energy growth potential, as well as the country''s plans on transitioning from lignite coal and nuclear energy to renewable energy
Bulgaria''s Ministry of Energy has launched a public consultation on a new round of its subsidy program for battery energy storage projects, aimed at facilitating the integration of
The call for autonomous energy storage projects in Bulgaria received proposals totaling €2.55 billion, 4.3 times the allocated budget of €581 million. However, access to funding remains uncertain.
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
The Bulgarian Ministry of Energy has approved €268 million in state aid for 249 renewable energy projects, including energy storage units. These projects were selected under
Battery storage project financings tend to have finance documents which mirror those seen in a renewables project financing, though they raise a number of additional issues,
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
The next big challenge for energy storage, after bringing down the cost so that storage is economic and finding a suitable business model, is financing. There are two ways to
To assess the impacts of these developments on investment and deal flow, the American Council on Renewable Energy (ACORE) surveyed companies that actively develop or finance U.S.
Ranking of projects: based on the requested grant per 1 MWh of usable electrical energy storage capacity, as proposals are ranked in ascending order of the requested grant per unit of usable
A total of 249 projects focused on renewable electricity production and energy storage, valued at nearly 526 million Bulgarian lev (about 268 million euros) will be funded
Developers of 249 projects in Bulgaria will receive EUR 268 million in total grants for renewable electricity plants with energy storage.
Having battery storage installed as part of renewable plant setup is either required or heavily incentivised by the local lenders financing renewable projects. In mid-2024, the Association of
Bulgaria''s Ministry of Energy is launching a new round of subsidies for battery energy storage projects, worth EUR 118 million.
A total of 249 projects focused on renewable electricity production and energy storage, valued at nearly 268 million euros will be funded through Bulgaria''s National Recovery
Bulgaria and Romania grant Recovery and Resilience funding to gigawatts of energy storage-Vilion-Bulgaria supports 3.1GW of renewables and 1.1GW of storage The
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.
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.
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.
