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

0

Share

Published:

March 9, 2021

Country:

Comments:

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

Republic of Srpska plans to build solar power plants on abandoned coal mines

Republic of Srpska plans to build solar power plants on abandoned coal mines

23 September 2021 - The Minister of Energy and Mining Petar Đokić has discussed the construction of solar power plants with the management of RiTE Ugljevik.

thermal battery thermal power plants twest e2s

Thermal energy storage TWEST enables CO2-free electricity production at thermal power plants

23 September 2021 - E2S Power presented in its demonstration facility in Serbia’s capital Belgrade, the innovative thermal energy storage TWEST.

power-plant-coal-green-hydrogen-spain

Coal power plant in Spain to be turned into green hydrogen hub

23 September 2021 - Portugal's EDP will invest EUR 550 million to replace a coal-fired power plant in Spain into a green hydrogen production facility.

gopa-ers-wind-farm-hrgud-contract

Germany’s GOPA to advise ERS on Hrgud wind farm project

22 September 2021 - Germany’s GOPA will be ERS's adviser in preparing project documents and overseeing the construction of wind farm Hrgud.