Bulgaria, EBRD sign key renewables agreements

Facebook
Twitter
LinkedIn
Reddit
Email
Bulgaria targets to have an installed capacity of 3.3GW for solar PV by 2030. Image: Neven Myst on Unsplash.

The Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have signed two agreements for the development of renewables in the country.

A key part of the National Plan for Recovery and Sustainability, the agreements will support the growth of new solar PV capacity as well as energy storage within the national infrastructure for the storage of electricity from renewable energy sources (RESTORE).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The EBRD will conduct an analysis of all existing energy storage technologies in order to determine the best-suited ones for the country, and will also organise tenders for the delivery of two turnkey systems.

Last year, power company AES Bulgaria signed a non-binding memorandum of understanding – as covered by our sister site Energy-storage.news – with the Bulgarian Ministry of Energy to assist in its decarbonisation transition with the development of a co-located project with 100MW of solar PV and battery energy storage system (BESS) as well as a stand-alone BESS project of 80MWh near Sofia.

With an installed capacity of 1.5GW as of 2022, according to a report from SolarPower Europe, Bulgaria targets to reach 3.3GW of installed capacity for solar PV by 2030, according to its national energy and climate plan (NECP). However, the technology will only account for 2.6% of the total share of electricity generation by 2040.

 These targets are in contrast with the number of projects which have so far required grid capacity and reached last year a cumulative of 30GW, for solar PV alone, according to Vladimir Tabutov, CEO of developer and EPC company HEC Solar during a panel at Large Scale Solar Europe last month.

PV Tech publisher Solar Media is extending its Large Scale Solar conference series to Southern Europe with the first edition in Athens, Greece during 4-5 July. The event will focus on an ever-growing market such as Southern Europe with a packed programme of panels, presentations and fireside chats from industry leaders responsible for the build-out of solar PV projects in Greece, Romania, Bulgaria and Croatia. More information, including how to attend, can be read here.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
September 30, 2025
SynergyRED, a wholly owned subsidiary of Synergy, has submitted a development application for a 2GW hybrid renewable energy project in Western Australia's Mid-West Region.
September 29, 2025
Burns & McDonnell examines the outlook of the utility-scale solar sector amidst the latest policy and tariff changes.
September 26, 2025
Residential solar and energy storage could meet all the projected demand from US data centres over the next five years if tech companies invest in household energy infrastructure.
September 26, 2025
Global grids have failed to keep pace with renewable energy technologies and have become the “bottleneck of the energy transition”, according to a new policy report from the Global Solar Council (GSC).
September 25, 2025
Developer ACE Power and Osaka Gas Energy Australia have submitted plans for a 100MW solar-plus-storage project to Australia’s EPBC Act.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK