expected ROI of rooftop solar storage project in Bulgaria 2030

Why is the market for distributed solar PV growing in Bulgaria?

As a result, the market for distributed solar PV in Bulgaria is starting to grow. Remarkably, the growth of the market is occurring despite the lack of a clear policy and regulatory framework, and in spite of the presence of many administrative and tax-related barriers.

What is the biggest solar PV plant to be built in Bulgaria?

This is also one of the biggest solar PV plants to be constructed in Bulgaria in recent years. With the solar PV plant, Aurubis Bulgaria will save some 11.700 MWh per year from grid electricity consumption (sufficient for approx. 12.000 households), which will cover an average of 2.5% of the electricity needs of its smelter facility.

How much renewable capacity will Bulgaria have by ?

Depending on the various sources of information (official or commercial), Bulgaria is envisaging at least 2 645 megawatts peak renewable capacity increase by (2,174 megawatts solar and 249 megawatts wind).

Will solar power increase in Bulgaria in ?

According to Bulgaria’s NECP, the annual production of electricity from renewable energy sources is projected to increase from the current 8.673 GWh to 13.035 GWh in . To achieve this, solar PV generation is projected to increase the most — more than three-fold over the course of the next ten years.

What should Bulgaria do about solar energy?

The authorities in Bulgaria need to take steps to systematically reduce barriers, fees, and surcharges on small and medium-sized solar PV systems, make it easier to connect to the grid and export the surplus electricity, and create a comprehensive policy and regulatory environment to catalyse investments.

What is the Integrated Energy & Climate Plan of Bulgaria – ?

The Integrated Energy and Climate Plan of Bulgaria – (the ‘Integrated Plan’) envisions adding 2,600 megawatts of renewable capacity by . In , ESO confirmed applications for renewable energy sources (‘RES’) projects totalling 40,000 megawatts. They anticipate adding 5,000 megawatts by .

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