AES Bulgaria to look into developing solar, energy storage projects


Photo: Skitterphoto from Pixabay


May 5, 2022






May 5, 2022





AES Bulgaria will explore options for developing a combined 100 MW solar power and battery energy storage project, as well as a standalone 80 MW battery storage project near the capital Sofia to support the electricity grid.

AES Bulgaria, part of global energy company AES Corporation, is the largest investor in the Bulgarian electricity sector in the past 30 years. It owns and operates the newest and most modern thermal power plant in Bulgaria and Southeastern Europe – TPP AES Galabovo, and is the majority owner and operator of Bulgaria’s largest wind farm – St. Nicholas, near Kavarna, according to local media.

The company operates the country’s newest coal-fired power plant as well as the biggest wind farm

The research into the potential solar power and energy storage projects will be carried out under a memorandum of understanding (MoU) with the Ministry of Energy. The non-binding document was signed by AES Bulgaria CEO Ivan Tsankov and Minister of Energy Alexander Nikolov.

Under the MoU, the company commits itself to assist Bulgaria in its efforts aimed towards decarbonizing the energy sector and achieving the goals of the European Green Deal for 2030 and 2050, the ministry said.

Bulgaria has recently announced it will set up a state-owned firm to develop a battery energy storage network to balance electricity produced from renewable sources, with a total capacity of 6 GW.

AES Bulgaria will also seek to start using natural gas or renewable fuels at its coal-fired power plant AES Galabovo after 2026

The MoU between AES Bulgaria and the Ministry of Energy also notes that the company’s existing power purchase agreement with state-owned power utility EAD will not be renewed beyond May 2026. In this context, the company will explore options for its AES Galabovo thermal power plant to switch to natural gas, hydrogen, biomass, or fuel produced from solid waste following the expiry of the agreement.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Slovenia controversial hydropower Mokrice energy crisis

Slovenia backs controversial hydropower project Mokrice amid energy crisis

23 May 2022 - The Government of Slovenia said the public interest outweighs nature conservation in the case of HESS's hydropower project in Mokrice

Bistrica pumped storage HPP project

Energy crisis accelerates construction of Bistrica pumped storage HPP project

23 May 2022 - The project is one of the most important investments in the energy sector of Serbia, with a planned capacity of 630 MW

Vienna airport Austria biggest solar power plant

Vienna airport completes Austria’s biggest solar power plant

23 May 2022 - Flughafen Wien Group said it has put Austria's biggest solar power plant into operation on 24 hectares at the Vienna International Airport

Serbian power utility kicks- off construction of its first wind power plant Kostolac

20 May 2022 - EPS signed the loan agreement in November 2017, and received an energy permit for the wind farm at the end of 2018