How many project proposals were submitted in Bulgaria's energy storage procurement procedure?
A total of 151 project proposals were submitted in Bulgaria’s standalone energy storage procurement procedure named RESTORE, which is seeking to support the construction and commissioning of renewable energy storage facilities with a cumulative minimum usable capacity of 3 GWh.
How many MWh will a new energy storage project deliver?
The selected projects will deliver a total usable energy storage capacity of 9,712.89 MWh, the Ministry of Energy said on April 17, more than three times the minimum target of 3 GWh originally set by the tender. The deadline for submission of project proposals was December 5, .
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.
What is the largest energy storage project in Bulgaria?
A 25MW/55MWh project from IPP Renalfa and BESS supplier Hithium, the largest in Bulgaria. Image: Renalfa IPP. The deadline has now passed for Bulgaria’s EU-backed support scheme for standalone energy storage, and the bids submitted amount to four times the available capital available.
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 .
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.
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