VRFB energy storage project financing options in Bulgaria 2026

How much money does the NRRP provide for energy projects in Bulgaria?

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.

Why is energy storage growing in Bulgaria?

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.

How will the selected storage systems be distributed in Bulgaria?

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 .

How much funding does Bulgaria have for a decarbonization project?

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.

How many projects will be awarded a BGN 107.5 million grant?

The first call was open to projects with capacities of between 200 kW and 2 MW, while the second one targeted proposals of over 200 kW in size. Call 1 will award a total grant of BGN 107.5 million to 200 projects, which were selected among 267 proposals that were pre-qualified in the procedure following the initial submission of 327 projects.

151 proposals totalling almost BGN 5 billion were submitted under

The investments under the procedure must be implemented and the facilities brought into operation by March . The maturity and implementation of the projects will be

Bulgaria awards EU funds to 249 projects for renewables with

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151 proposals with a total value of almost BGN 5 billion were

The successful implementation of battery projects will contribute significantly to the security of the energy system in Bulgaria and the region", Energy Minister Vladimir Malinov

Bulgaria approves EU-backed grants for EUR 269m of

All successful projects, in both calls, should be executed by March 31, . In addition, a tender is underway to subsidise the construction of at least 3,000 MWh of new energy storage units.

Energy Storage in Bulgaria Surges with 9.7 GWh

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

Grant financing of renewable electricity storage infrastructure

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

Bulgaria’s Energy Storage Revolution: 9.7GWh

Bulgaria’s RESTORE program —funded by the EU’s Recovery and Resilience Facility (RRF)—has unlocked 9.7GWh of battery storage capacity across 82 projects, tripling its initial 3GWh target .

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