How much money does a battery project in Bulgaria get?

Be the first one to comment on this article. Developers of 82 standalone battery projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies.

What will Bulgaria's energy system operator do in 2024?

By the end of 2024, Bulgaria’s Electricity System Operator (ESO) will finalize its investment program aiming to ensure the grid connection of new power plants with a total installed capacity of 4,500 MW, primarily renewables. ESO, the country’s transmission system operator, has invested more than EUR 25 million in digitalization of the grid.

What is the main source of electricity in Bulgaria in 2022?

Coal energy was the main source of electricity production in Bulgaria in 2022. It accounted for over 45 percent of total electricity generation. Nuclear energy ranked second, making up 35 percent of total production.

What is Bulgaria's recovery and Resilience Plan?

Bulgaria’s recovery and resilience plan calls for deployment of a minimum of 1.4 GW of renewable energy with storage in Bulgaria, including an investment in renewable and storage facilities that will be financed by EUR 342 million from the Recovery and Resilience Facility (RRF) (33 per cent) and EUR 684 million from private funding (67 per cent).

What energy sources are used in Bulgaria?

Bulgaria’s energy generation includes nuclear energy, solid fuels, such as lignite, as well as small quantities of gas. The role of renewable energy sources (wind, solar, biomass, and hydro) has increased dramatically in recent years.

Is Bulgaria a energy-intensive country?

Bulgaria remains the most energy-intensive economy in the EU by a wide margin. The structure of Bulgaria’s final energy consumption is like that of the EU. Bulgaria’s economy consumes 3.5 times more energy resources per unit of its GDP than the EU average. That may not sound alarming, but Bulgaria is highly dependent on coal and nuclear power.