The Energy Storage Report 2024

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

Bulgaria invites public comment on 3GWh energy storage tenders

LinkedIn
Twitter
Reddit
Facebook
Email
renalfa
In its current form, the tender consists of US$660 million (BGN1.2 billion) in grant funding. Image: Renalfa.

The Bulgarian Ministry of Energy has invited public comment on a new initiative to offer tenders for 3GWh of energy storage capacity to help integrate renewable energy.

In its current form, the tender consists of BGN1.2 billion (US$660 million) in grant funding. Projects cannot apply for funding to cover more than half of their costs, and cannot apply for more than around BGN371,600 per megawatt-hour of usable energy storage capacity.

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

“The construction of storage facilities is key to the efficient balancing and management of the power system,” said energy minister Vladimir Malinov. “The successful implementation of this procedure will guarantee the security and stability of the power system. An opportunity to integrate the electricity produced from renewable sources on the market in the country and the region will also be provided.”

The Bulgarian Ministry of Energy funding is part of the country’s Recovery and Resilience Facility (RRF), a series of projects implemented across the EU in the wake of the Covid-19 pandemic to help improve the financial and environmental sustainability of Europe’s economies.

The EU initially granted Bulgaria grant funding of around US$6.6 billion (€6.2 billion), which was later lowered to around US$6.1 billion (€5.7 billion), and 57.5% of this money was earmarked for investments into Bulgaria’s green transition. Earlier this year, Greek renewable power developer Mytilineos and utility PPC Group announced plans to construct 2GW of new solar PV assets in a number of south-eastern European countries, including Bulgaria, and the national government has already used some of the EU funds to expand the country’s storage sector.

Last October, the government launched a public consultation for renewable energy generation and up to 350MW of new storage capacity, and earlier this year, the government committed US$298.2 million (BGN535.1 million) to new renewable power and storage projects in the country.

Read Next

July 18, 2024
NHOA Energy has launched construction on a battery energy storage system (BESS) project for independent power producer (IPP) ERG in Sicily, Italy.
July 17, 2024
A 204MW battery energy storage system (BESS) project in Romania can progress after the government said it did not need to go through an environmental impact assessment (EIA).
July 15, 2024
Akaysha Energy has closed financing for a battery storage project in New South Wales, Australia that is planned to be in excess of 1,660MWh capacity.
July 11, 2024
While Chinese companies dominated the square footage at ees Europe / Intersolar Europe in Munich last month, some project developers are still keen on prioritising products made closer to home.
Premium
July 10, 2024
We caught up with the CCO of Dutch-Belgian BESS developer Giga Storage, who discussed the commercialisation of gigawatt-hour-scale projects, BESS pricing and the firm’s expansion.

Most Popular

Email Newsletter