About Bulgaria Electric Energy Storage Project
Developers of 82 standalone battery storage projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies from the Ministry of Energy. Another 30 landed below the line, but the government intends to boost the program by EUR 120 million.
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About Bulgaria Electric Energy Storage Project video introduction
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6 FAQs about [Bulgaria Electric Energy Storage Project]
Which energy storage technologies are available in Bulgaria?
Bulgaria’s energy storage tender is open to all technologies, but most projects are likely to have proposed lithium-ion battery energy storage systems (BESS) and Malinov mentioned battery projects in his comment.
Will battery projects improve energy security in Bulgaria?
The successful implementation of battery projects will significantly contribute to the security of the energy system in Bulgaria and the region.” The scheme was opened by the Ministry in May, and approved by the EU last month.
How much money will be invested in Bulgaria's electricity system?
Energy minister Vladimir Malinov said the investments, worth up to BGN1,153,939,700 (US$657.4 million) “will guarantee the security and stability of the Bulgarian electricity system.” Tender bids must be submitted electronically, with more information available on this portal.
How much is the energy investment in Bulgaria worth?
The ministry released a statement a day prior to the application window’s opening. Energy minister Vladimir Malinov said the investments, worth up to BGN1,153,939,700 (US$657.4 million) “will guarantee the security and stability of the Bulgarian electricity system.”
How much does the Energy Storage Summit Central Eastern Europe cost?
The portion reportedly totals €653 million, separate to the above scheme, is related to delays in specific reforms needed to access the funding. The Energy Storage Summit Central Eastern Europe is set to return in September 2025 for its third edition, focusing on regional markets and the unique opportunities they present.
Why is Bulgaria not getting a'recovery and resilience' grant?
In related news, the EU said on 29 November that Bulgaria had not yet satisfactorily met the conditions for a portion of its total €5.69 billion in grant funding under Recovery and Resilience. The portion reportedly totals €653 million, separate to the above scheme, is related to delays in specific reforms needed to access the funding.
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