How many renewables & energy storage projects have been supported in Bulgaria?
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.
What is the deadline for submitting project proposals in Bulgaria?
The deadline for submission of project proposals was December 5, . The Bulgarian Ministry of Energy announced on December 6 that it has received 151 project proposals worth nearly BGN 5 billion, which far exceeded the available funding of BGN 1.154 billion. Of the submitted proposals, 118 projects—totaling BGN 1.6 billion—were shortlisted.
Which energy storage technologies are available in Bulgaria?
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.
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.
Will battery projects improve energy security in Bulgaria?
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.
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.
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