Conditions for RESTORE call published for public consultation

On June 25th 2024, the Ministry of Energy announced for public consultation the conditions for the application and implementation of investments under the procedure “National infrastructure for storage of renewable energy” (RESTORE) of the National Recovery and Resilience Plan (NRRP). The investment will support the construction and commissioning of a national infrastructure of renewable electricity […]

SEE countries move at varied speeds in grid modernisation and energy storage

The second edition of the Renewable energy in Southeast Europe report is out now! “SEE countries move at varied speeds in grid modernisation and energy storage” say the authors by SeeNext. The region of Southeast Europe (SEE) has made breakthrough progress in greening the power supply in recent years with unprecedented growth in installed capacity, […]

The RES+Storage tender under the NRRP is open

On March 14 2024, the long-awaited investment under the Recovery and Resilience Plan for “Support to New Renewable Electricity Generation and Energy Storage Capacity” has been opened for applying. The main objective of the investment is to contribute to increasing the share of clean energy in Bulgaria’s energy mix on the path to climate neutrality […]

A price cap set on the market revenues of electricity producers

In a meeting held on March 13th 2024, the Council of Ministers set the values used to calculate the market revenue cap for producers of electricity. This decision is in accordance with § 3, it. 2 from § 29 of the Transitional and Final Provisions of the Law on the State Budget of the Republic of […]

Rezolv Energy will develop Bulgaria’s largest solar plant

The independent renewable energy producer focused on Central and Southeastern Europe and APSTE member – Rezolv Energy, has acquired the rights to build and operate a 229 MW solar plant in Silistra Municipality in north-eastern Bulgaria. Named ‘St. George’, the construction is due to start before the end of this year, as the plant is […]

Verila, the biggest PV power plant in Bulgaria, is put into operation

The solar park will provide green energy for Yettel and CETIN, which signed a 10-year power purchase agreement (PPA) with Electrohold Trade. So far this is the largest corporate PPA in Bulgaria, and is expected to provide 80% and about 86% of the two companies’ total consumption, respectively. The Verila PV power plant has a […]

Europe celebrates its first European Solar Day

On 21 June, the longest and brightest day of the year, Europe celebrates its first European Solar Day and the role of solar energy in creating a sustainable and resilient future. Within a few years, solar energy has evolved into the most affordable sustainable energy technology, with each solar panel saving 80-90% CO2 compared to average EU […]