Renewables

Bulgaria works on renewables portfolio expansion, plans offshore wind, floating solar

Bulgaria to install pilot floating solar, geothermal projects by end of year borislav sandov

Borislav Sandov (photo: Ministry of Environment and Water)

Published

June 7, 2022

Country

Comments

0

Share

Published:

June 7, 2022

Country:

Comments:

0

Share

Bulgaria intends to start pilot projects for floating solar power plants and geothermal power plants by the end of the year, but also to remove restrictions and simplify the procedures for the deployment of renewables, said deрuty Prime Minister and Minister of Environment and Water Borislav Sandov.

Bulgaria needs to accelerate the decarbonization process and investments in renewables to reduce emissions and transform its coal sector.

Sandov said the country would have to return BGN 13 billion (EUR 6.6 billion) secured under the National Resilience and Recovery Plan if emissions are not reduced by 40% by 2026. Bulgaria also won’t get BGN 2.5 billion (EUR 1.3 billion) from the European Union’s Just Transition Fund if its coal power sector is not transformed, he added at the RE-Source Southeast regional conference on renewable energy, local media reported.

Authorities are now trying to establish the regulatory framework which is clear, easy and fast

Various financial mechanisms are available in the EU, such as REPowerEU, worth EUR 300 billion, operational programs Environment and Regional Development, the Modernization Fund, and Just Transition Fund, Sandov pointed out. They can be used to decarbonize the economy, he said in an interview for Investor.bg.

Sandov stressed the authorities are now trying to make the regulatory framework clear, easy and fast. As an example, he said the country intends to allow the installation of photovoltaic parks on water surfaces and irrigation canals to speed up the use of geothermal energy, and remove restrictions for the construction of wind farms.

Talks are underway with Romania on the construction of an offshore wind farm

Bulgaria is negotiating with Romania on the construction of an offshore wind farm in the Black Sea, according to Sandov. The government is also in talks about the implementation of a new geothermal technology called Geothermal 2.0, in his words.

Sandov believes pilot projects for floating photovoltaics and geothermal energy could be started by the end of the year.

Of note, two weeks ago Bulgaria introduced a law that would eliminate the administrative procedure for households and firms to install renewables on buildings.

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

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers

EU agrees fossil fuel car ban as climate package talks are starting

EU agrees fossil fuel car ban as climate package talks are starting

29 June 2022 - The Council of the EU and European Parliament are set for talks on the Fit-for-55 package. Both agree new combustion engines should be banned by 2035.

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power