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Bulgaria energy report
- Bulgaria targets 34% of renewables in final energy consumption by 2030.
- In 2024, two tenders were launched to procure 1.4 GW of wind and solar and 350 MW of storage.
- Bulgarian Energy Holding (BEH) accounts for around half of power generation, 90% of wholesale gas sales, and more than 90% of lignite mining.
- Electricity distribution is ensured by 3 main companies.
- Lignite-fired power generation fell by 59% between 2022 and 2024, due to high CO2 prices, pollution constraints, the competition of renewables, and the termination of a PPA.
- CO2-free sources accounted for 66% of the power mix in 2024.
- Final energy consumption has been rather stable at around 10 Mtoe since 2015. Electricity and gas prices declined in 2023 and 2024 after a surge in 2021 and 2022. They are lower than the EU average.
- Bulgaria is accelerating its Kozloduy-7 nuclear project. Many regional gas interconnection projects are under development, as Bulgaria aims to become a regional gas hub.