Specifically, according to data presented by Soltani at the RE-Source Southeast Conference, Bulgaria’s electricity market offers an opportunity for €110 per MWh profit with a battery energy storage system with two hours of discharge capacity using energy arbitrage. Rystad Energy’s analysis has set the battery system costs at a flat €60 per MWh.
The new system also signals the beginning of Bulgaria''s national plan to reach 10 GWh of battery storage capacity within the next year. A recent capacity tender has already allocated nearly 9,713 MWh to upcoming projects, further reinforcing the country''s ambitions in energy storage.
A recent capacity tender has already allocated nearly 9,713 MWh to upcoming projects, further reinforcing the country''s ambitions in energy storage. Before the commissioning of the Lovech facility, Bulgaria''s largest BESS was a 25 MW / 55 MWh system developed by Renalfa IPP in 2024.
“In fact, we are already seeing the transition to energy storage in Bulgaria, mainly through the development of battery storage facilities behind-the-meter,” Alexander Rangelov, CEO of the International Power Supply (IPS) Group, an energy storage manufacturer headquartered in Sofia, told pv magazine.
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In 2024, GSL ENERGY successfully installed a 7.45MWh industrial-grade BESS energy storage battery system in Bulgaria, integrated with solar photovoltaic power generation, …
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Developers of 82 standalone battery projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies.
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Energy storage in Bulgaria is expanding rapidly as the government awards nearly 10 GWh of capacity to 82 projects, boosting renewable energy reliability and grid stability.
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Bulgaria’s standalone energy storage tender, which aimed to procure at least 3 GWh of cumulative usable capacity, ultimately awarded …
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Bulgaria’s Minister of Energy Zhecho Stankov. Image: Ministry of Energy. Bulgaria’s Ministry of Energy has approved €588 million in funding for 82 standalone battery energy …
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Are you looking for information on energy storage regulation in Bulgaria? This CMS Expert Guide provides you with everything you need …
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The Bulgarian city of Lovech, northeast of Sofia, hosts the strongest battery energy storage system (BESS) in the Balkans. The …
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NEK plans to install a 10 MWh battery energy storage system (BESS) at its recently reconstructed Vacha 1 hydropower plant.
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Bulgaria has selected 82 winning energy storage projects for a share of BGN 1.15 billion (€588 million) in financial support.
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Bulgaria has taken a major step forward in its renewable energy strategy with the inauguration of a 124 MW / 496.2 MWh battery energy storage system (BESS) in the north …
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The selected projects will deliver a total usable battery energy storage system (BESS) capacity of 9,712.89 MWh, the Ministry of Energy said on April 17, more than three …
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Bulgaria’s energy minister Zhecho Stankov on Thursday inaugurated what is described as the largest battery energy …
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