average photovoltaic ESS price per 30kWh in Bulgaria

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.

How much solar power does Bulgaria have in ?

At the end of , Bulgaria's cumulative installed solar PV capacity exceeded 1,700 MW (1.7 GW). Several large-scale solar photovoltaic (PV) projects with a power capacity above 50 MW were launched into commercial operation in Bulgaria in . Local and international investors will build new solar projects between and .

What is the reference price for solar energy producers?

The determined reference price for solar producers for the new regulatory period is a concern to investors since for the first half of the realised price from solar energy producers has been between BGN 105/MWh and BGN 110/MWh.

What is the estimated market price for solar energy producers?

The EWRC has determined the estimated market price (i.e. reference price) for producers of electricity from solar energy to be BGN 141.49//MWh. Based on the reference price, this Decision enables the EWRC to determine the premiums that producers receive from the Electricity System Security Fund (ESSF) as a top-up up to the respective FiT.

How much electricity will Aurubis Bulgaria save?

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. The plant is expected to become operational within 18 months.

Why is the DPV market growing in Bulgaria?

The increasing involvement of companies linked to the DSOs and their subsidiaries in the DPV market in Bulgaria has been driven in part by the EU’s Energy Efficiency Directive.40 The Directive introduces an obligation on individual Member States to reduce their energy consumption by a certain level by , and by .

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Bulgaria decreases FiT reference prices for solar plants

Based on the reference price, this Decision enables the EWRC to determine the premiums that producers receive from the Electricity System Security Fund (ESSF) as a top-up up to the respective FiT.

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It is suitable for companies with photovoltaic projects or those who have serious and well-founded investment intentions in the development and construction of photovoltaic power plants in the country.

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