Renewables

Bulgaria to install 2.5 GW of solar, wind by 2024

Bulgaria to install 2.5 GW of solar wind by 2025

Photo: Franz W. from Pixabay

Published

March 9, 2021

Country

Comments

comments icon

0

Share

Published:

March 9, 2021

Country:

Comments:

comments icon

0

Share

Bulgaria will increase the installed capacity for renewable energy from 1.8 GW to 4.3 GW by 2024.

Solar power plants accounted for 1.1 GW at the end of 2020 while wind farms had 700 MW in total, said Angelin Tsachev, the executive director of the transmission system operator Electricity System Operator (ESO).

1.8 GW of renewables makes up 20% of all installed capacity for electricity production

The installed capacity for renewables is about 1.8 MW, which is about 20% of all installed capacity for electricity production in the country, national radio BNR reported.

In 2020, these power plants produced more electricity than contracted for preferential prices, and the remaining electricity was sold on the free market, Tsachev added.

According to Tsachev, last year 77 MW of solar capacity was installed while another 114 MW will be connected this year.

Over the next four years, wind farms of 700 MW, solar parks of 1.6 GW and 219 MW in biomass capacity will be installed

It is projected that in the period 2020-2024, wind farms of 700 MW, solar parks of 1.6 GW and 219 MW in biomass capacity will be installed in Bulgaria, he said.

Tsachev said that electricity from all new capacities will be sold on the market.

“I assume that every investor has developed a market model for such a large capacity,” he added.

According to Bulgaria’s National Energy and Climate Plan (NECP), the country plans to increase the share of renewables in gross final consumption of energy from 21.4% in 2020 to 27.9% in 2030.

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

Serbia EPS PPAs wind parks Alibunar 1 Alibunar 2

Serbia’s EPS signs PPAs for wind parks Alibunar 1, Alibunar 2

08 May 2025 - Serbia's state-owned Elektroprivreda Srbije will offtake electricity from future wind parks Alibunar 1 and Alibunar 2, of 168 MW in total.

Serbia’s TSO EMS signs grid connection contracts for 11 renewable power plants

08 May 2025 - TSO Elektromreža Srbije said the contracts were signed after the second interval for the preparation of grid connection studies

croatia hep floating solar hpp dubrava

Croatia’s HEP to install first floating PV plant on reservoir of HPP Dubrava

07 May 2025 - State-owned company Hrvatska Elektroprivreda (HEP) has already installed one photovoltaic facility near its HPP Dubrava

EU outlines measures end Russian gas oil imports end 2027

EU outlines measures to end Russian gas, oil imports by end-2027

07 May 2025 - The European Commission aims to stop by 2027 the purchases of Russian gas, including LNG, and oil, and phase out nuclear fuel imports