MET Group buys 42 MW wind farm in Bulgaria from Enel
Switzerland-based energy company MET Group has signed an agreement to buy a 100% stake in a 42 MW wind farm in Bulgaria from Italian Enel Green Power, the renewable energy arm of Enel Group, and expects to close the transaction by the end of 2020. The acquisition of Bulgaria’s 5th largest wind farm is part […]
Bulgaria to add 2.65 GW of renewables capacity by 2030
In its draft Sustainable Energy Development Strategy until 2030 with a 2050 horizon, Bulgaria doesn’t envisage the shutdown of its coal power plants. The government said efforts would be made in green energy, innovation, energy efficiency, nuclear sources and gas to ensure energy security. Within the decarbonization push, Bulgaria revealed a goal of installing 2.65 […]
Bulgaria: all companies set to enter the free electricity market from 1 October 2020
Authors: Dimitar Zwiatkov, partner and Maria Harizanova, associate at CMS Bulgaria On 1 October 2020, all non-residential electricity customers in Bulgaria, which are connected to the low-voltage electricity distribution network must start buying electricity from the free market on freely negotiated rates. How would the supply of electricity change for them after 1 October 2020? Background Currently, Bulgaria is […]
Enery BG 1 plans to build 400 MW solar power plant in southern Bulgaria
Austrian-owned Enery BG 1 Ltd. plans to build a solar power plant in the municipality of Haskovo in southern Bulgaria, with an installed capacity of 400 MW. The intention is for Enery BG 1’s photovoltaic (PV) power plant to span a total area of some 400 hectares. Its projected annual output is 560 GWh of […]
Greenpeace demands coal phaseout in Bulgaria by 2030
The government in Sofia should look up to Greece in its energy policy, according to Balin Balinov from Greenpeace Bulgaria, who called for a coal exit twenty years earlier than in the national plan. Environmentalists are pointing to the damage from maintaining thermal power plants using the fossil fuel. While the Minister of Energy Temenuzhka […]
Bulgaria plans to burn coal until 2050 – energy minister
Bulgaria plans to continue to use coal for the generation of electricity until 2050 due to coal-fired power plants’ strategic value for both energy and national security, Energy Minister Temenuzhka Petkova said in a written answer to a Bulgarian MP on the fate of the coal complex and energy transition commitments towards the EU. According […]
Contract signed for largest self-consumption PV plant in Bulgaria
Copper producer Aurubis Bulgaria and energy solution provider CEZ ESCO Bulgaria have signed a contract for the construction of a 10 MW photovoltaic power plant, which would be the largest one for self-consumption in the country. The plant will be installed at the Aurubis’ Pirdop copper smelter and refinery, located 80 kilometers east from Sofia. […]
Bulgaria’s 300,000 firms to leave regulated power market amid liberalization
As of October 1, about 300,000 companies in Bulgaria will have an obligation to choose an electricity supplier. It is another step in the country’s electricity market liberalization and arguably the biggest one so far. Bulgaria is one of the few European Union member states which have not fully liberalized their electricity markets. In September, […]
