The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

AES signs MoU for battery storage with Bulgarian Ministry of Energy

arizona aes thermal runaway
AES Bulgaria will explore the development of a co-located project and a BESS project of 80MWh after signing an MoU with Bulgaria’s ministry of energy. Image: AES Corporation.

Power company AES Bulgaria has signed a non-binding memorandum of understanding (MoU) with the Bulgarian ministry of energy to assist the country in its decarbonisation transition.

The company will collaborate and assist the country to achieve its goals in the European Green Deal for 2030 and 2050 by providing AES affiliates’ knowledge and experience in innovative technologies and their market integration

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Moreover, AES Bulgaria will explore the development of a co-located project with 100MW of solar PV and battery energy storage system (BESS) as well as a stand-alone BESS project of 80MWh near Sofia, contributing to the grid’s security.

Along with the MoU, the power purchase agreement (PPA) signed between AES Bulgaria and Natsionalna Elektricheska Kompania EAD as off-taker of the 600MW thermal plant will be fulfilled until its expiry in May 2026 without the possibility to extend it.

Olivier Marquette, President of AES Bulgaria, said: “As a global technology leader and a pioneer in innovative green technologies, The AES Corporation embraces its mission to lead the energy transformation, accelerate the deployment of new solutions and products across the region and help all markets where we operate to become more sustainable.”

Last week, AES Corporation began investigating the cause of a fire at a 10MW BESS site it owns and operates in the US state of Arizona.

Read Next

June 27, 2024
The Bulgarian Ministry of Energy has invited public comment on an initiative for tenders for 3GWh of renewable power and storage capacity.
June 26, 2024
Consumers Energy, one of eight investor-owned utility (IOU) companies in the US state of Michigan, has signed a 100MW battery storage deal with developer Jupiter Power.
June 25, 2024
Transgrid, has indicated that 4.8GW of grid-forming BESS will be necessary to stabilise the grid in New South Wales to support renewable energy deployment.
June 20, 2024
NV Energy is seeking approval from the Public Utilities Commission of Nevada of its 2024 IRP which it submitted on 31 May 2024.
June 20, 2024
NHOA Energy signed an agreement with Statkraft to supply a battery energy storage systems (BESS) for a 113MWh project in Coylton, Scotland.

Most Popular

Email Newsletter