The Energy Storage Report 2024

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Bulgaria gets tenders for 350MW of energy storage alongside 1,425MW renewables launched

By Simon Yuen

Bulgaria’s Ministry of Energy has launched two tenders to add 1,425MW of renewable power generation to the grid and 350MW of battery energy storage system (BESS) projects.

The ministry said the main objective of the investment, totalling BGN535.1 million (US$298.2 million), is to increase the share of clean energy in Bulgaria by supporting the construction and integration of renewables into the grid.

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With a budget of BGN107.6 million, the first tender will finance the construction of solar and wind projects and co-located BESS with an installed capacity of 200kW to 2MW. In this tender, a minimum of 200MW of production capacity from renewables in combination with a minimum of 100MW of BESS will be built. The maximum amount of financing for a project is up to BGN35.9 million.

The financing will cover up to 50% of the eligible costs but not more than BGN1.08 million per 1MW of installed BESS capacity.

The second tender’s budget reaches BGN427.5 million, supporting new solar and wind projects, along with BESS, with an installed capacity of more than 200 kW. This tender aims to build a minimum of 940MW of renewables capacity in combination with a minimum of 200MW of BESS. The maximum financing for one project for one enterprise is up to BGN58.7 million.

The financing will cover up to 50% of the eligible costs, with a maximum of BGN743,215 for 1MW of installed capacity of the BESS.

The Bulgarian government started a public consultation on the country’s first renewable energy auction in October 2023.

To read the full version of this story, visit PV Tech.’ publisher Solar Media will host the second annual Energy Storage Summit Central Eastern Europe on 24-25 September 2024, in Warsaw, Poland. This event will bring together leading investors, policymakers, developers, utilities, energy buyers and service providers. Visit the official site for more info.

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