Renewables

Bulgaria readies subsidies for energy storage within wind, solar projects

Bulgaria plans to offer subsidies for energy storage within wind solar projects

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Published

October 11, 2023

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Published:

October 11, 2023

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The Bulgarian Ministry of Energy has opened a public consultation on the design of the country’s first tender for subsidies for renewables with collocated energy storage. Grants are proposed to cover up to 50% of the cost of the storage component, whose capacity in MW must be equal to between 30% and 50% of the wind or solar project.

The proposed quota for the first tender is 570 MW of wind and solar, with 150MW/300MWh of storage capacity. The grants are to be financed under the country’s recovery and resilience plan, according to a LinkedIn post by Chris Basinski, Principal Energy Economist at the European Bank for Reconstruction and Development (EBRD).

The proposed quota for the first tender is 570 MW of wind and solar

The main objective is to help increase the share of clean energy in Bulgaria’s energy mix on the path to climate neutrality by providing support for the construction and integration of 1,425 MW of new capacities for the production of electricity from renewable sources, along with 350 MW of energy storage facilities, according to an announcement from the Bulgarian Ministry of Energy.

The storage facility must have a minimum capacity equal to 30% of the total installed capacity of the power generation component of the project, but not less than 1 MW, and a maximum capacity of up to 50% of the total installed capacity, the ministry explained.

“The procedure is aimed solely at installations for the production of electricity from solar and wind energy with storage facilities, and the grant funding is in the form of investment support for the storage facilities,” reads the statement.

The planned budget for the tender is about EUR 135.5 million

The total available funding under the procedure is BGN 265.4 million (about EUR 135.5 million), with individual grants of no more than BGN 1.08 million (about EUR 550,000) per MW of storage capacity, according to the announcement.

Eligible to apply for the grants are companies from all sectors of the Bulgarian economy, except agriculture, forestry, and fisheries.

The public discussion of the procedure will be open until November 6, 2023.

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