on grid solar storage project financing options in Bulgaria 2025

How much money is needed for energy storage projects in Bulgaria?

The Ministry of Energy of Bulgaria prepared EUR 589 million in grants for standalone energy storage projects. The deadline for applications is November 21. With the surge in photovoltaic capacity, ambitious plans for renewables overall and a collapse in the coal power segment, Bulgaria needs urgent grid upgrades alongside energy storage.

When will energy storage systems be installed in Bulgaria?

The selected energy storage facilities must be put into operation by the end of March . Authorities will check the status of every project in May , the announcement reads. Bulgaria already held the first two tenders for battery energy storage systems (BESS) that would be integrated with renewable electricity plants.

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.

When does Bulgaria need a grid upgrade?

The deadline for applications is November 21. With the surge in photovoltaic capacity, ambitious plans for renewables overall and a collapse in the coal power segment, Bulgaria needs urgent grid upgrades alongside energy storage. Solar and wind power are intermittent – completely dependent on the weather.

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.

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 .

Key changes in the law include the establishment of administrative assistance units at the municipalities to help investors with the permit application process, updated rules for grid connection, the designation of priority zones for the development of wind parks, and the introduction of a grid bond (either a deposit or a bank guarantee) during the grid connection procedure to prevent speculation with available grid capacity.

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