Is Bulgaria relying on battery technology & energy storage?

A South African investor opened a battery factory in Rousse last year Bulgaria is relying heavily on battery technology and energy storage overall in its energy transition. Belgian company ABEE launched a EUR 1.1 billion project in December for a battery plant, recycling facility and a research and development center.

What are Bulgaria's energy storage subsidies?

The subsidies are for battery systems required to be installed together with renewable electricity plants of at least 200 kW in capacity. Following a three-month delay, the Ministry of Energy of Bulgaria combined five planned procedures for grants for energy storage facilities into three and launched calls for two of them.

What is a Bulgarian energy storage grant?

Following a three-month delay, the Ministry of Energy of Bulgaria combined five planned procedures for grants for energy storage facilities into three and launched calls for two of them. The aim is to support the buildout of renewable electricity plants, with which the subsidized systems would be integrated into hybrid power plants.

Does Bulgaria have a green energy plan?

Even though the Plan lengthens the phase out of coal, it still prioritizes the transition to green energy and the construction of solar plants in particular. This should come as no surprise, considering that nearly 75% of Bulgaria's carbon footprint is caused by energy production.

Why should Bulgaria Invest in geothermal energy?

On its own, renewable energy provides even greater autonomy to energy consumers and system security. Funding provided through the Plan will be used for research into the potential for geothermal energy generation in Bulgaria. "We consulted with large Turkish companies, which have worked on such projects.

How much money does Bulgaria earmark for battery systems?

Bulgaria earmarked EUR 273 million in subsidies for battery systems required to be installed together with renewable electricity plants.