Bulgaria is taking bold steps toward a greener energy future, having recently wrapped up its most ambitious energy storage tender to date.
Bulgaria''s Ministry of Energy will finance 82 standalone renewable energy storage projects with a combined grant budget of BGN 1.154 billion (~$675 million) under the EU-backed
Bulgaria approves funding for 31 battery energy storage projects totaling 4 GWh under the RESTORE 2 program.
The tender was launched last year, aiming to significantly increase the share of renewable energy, mainly wind and solar, in the country''s energy mix. It would also contribute to
In February, state-owned utility and power generation firm NEK announced plans to deploy BESS totalling nearly 300MWh at five of its hydropower sites across Bulgaria.
The RESTORE tender is funded under Bulgaria''s National Recovery and Resilience Plan (NRRP), which aims to significantly increase the share of energy from renewable sources in the
The transaction marks one of the country''s most advanced storage financing deals to date, supporting Bulgaria''s transition toward a more flexible and renewable-powered energy system.
capacity to 2.2 GW with another 700 MW expected to become operational in 2023. In other words, Bulgaria could easily sail past its 2030 National Ener.
A call for new energy storage capacity in Bulgaria has awarded 9,712.89 MWh of projects with a total investment value of BGN 1.149 billion (USD 675.8m/EUR 587.5m), the Balkan country''s
Bulgaria''s Ministry of Energy has approved €588 million in funding for 82 standalone battery energy storage projects, totaling nearly 9.7GWh of usable capacity. The final decision,
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