European Commission approves 278M leva in state aid for Bulgaria energy

The Commission said that the scheme will compensate part of their losses stemming from storing high-priced gas in summer 2022 to meet Bulgaria''s filling obligations, and then selling it at lower prices from November 2022 to April 2024.

Bulgarian Energy Sector Companies Have Huge Potential for

Bulgarian energy sector companies have huge potential for development and growth, especially in the field of renewables and innovation, Bulgarian Association of Electrical Engineering and Electronics (BASEL) Chair Dimitar Beleliev said in an interview for BTA.

Energy in Bulgaria

In January 2023 Bulgaria signed an agreement with Turkey to enable Bulgaria to buy LNG on the open market and for the liquified gas to be delivered to Turkey where it would be returned to a gaseous state for pumping via the Botas gas network to Bulgaria. The agreement is for 13 years use of the LNG terminals and pumping up to 1.5 billion cubic

The Energy Sector of Bulgaria: Mitigating Russian Dependence

Bulgaria''s energy sector is at a critical juncture, with two main objectives shaping its direction: decarbonization and reducing reliance on Russian energy. Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power.

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Bulgaria''s 3 GWh standalone energy storage tender heavily

Bulgaria''s battery storage market gears up Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the European Union''s Recovery and Resilience Facility could see the country install another 1 GWh over the next two years.

Electricity sector in Bulgaria

Bulgaria electricity mix 2023. The electricity sector in Bulgaria is an important part of energy in Bulgaria and is highly diversified. As of 2021 nuclear power accounts for 34.7% of Bulgaria''s power, coal power provides 39.4%, while renewable energy provides 15.8% of the country''s electricity needs. [1]

Energy in Bulgaria

OverviewEnergy sourcesHeatingEnergy transitEnergy TransitionSee alsoCitations

Bulgaria is believed to have extensive natural gas resources but, due to a successful campaign against hydraulic fracturing on land, only Black Sea exploration is permitted, such as at the Galata gas field. In 2023, the petrochemical companies OMV and Total estimated that up to 13 billion cubic meters of natural gas could potentially be extracted from the Bulgarian Black