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.
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Bulgaria''s Ministry of Energy will finance 82 standalone renewable energy storage projects with a combined grant budget of BGN 1.154 billion (~$675 million) under the EU-backed
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Under the RESTORE initiative, launched through Bulgaria''s National Recovery and Resilience Plan (NRRP), the Ministry of Energy has selected 82 projects that will collectively receive
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A call for new energy storage capacity in Bulgaria has awarded 9,712.89 MWh of projects with a total investment value of BGN 1.149 billion (USD 675.8m/EUR 587.5m), the Balkan country''s energy
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This combination of expanding storage, disciplined balancing, and growing solar capacity positions Bulgaria as an increasingly influential player in the European energy market.
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Several large-scale solar photovoltaic (PV) projects and battery energy storage system (BESS) projects with a capacity exceeding 50 MW have been announced in Bulgaria since 2023,
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Bgaria will finance 82 standalone battery storage projects worth over 1.15 billion levs ($675 million) under its EU-funded procurement exercise named RESTORE.
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A joint venture of Bulgarian-German solar park installer SUNOTEC and Bulgarian holding company Eurohold Bulgaria (BUL:EUBG) has sealed financing agreements to support 107 MWh of
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Approximately 200 million EUR investments to encourage the combination of new renewables with local electricity storage facilities (totaling around 200 MW); Transformation of AES Galabovo into a large
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The chosen projects were evaluated for their ability to meet Bulgaria''s energy storage needs while adhering to the program''s rigorous standards. The high storage capacity proposed by
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