The Bulgarian Ministry of Energy has launched a consultation on a proposed tender programme that aims to develop at least 570 MW of renewable energy as well as 150 MW of battery storage in the country. The scheme will require BGN265.4m (€133.5m) provided through a grant programme under the national Recovery & Resilience Plan (RRP) that will finance the battery component of the winning applications.
The financial support will be available for solar PV and wind projects with batteries. Grants would be awarded competitively to cover up to 50% of the cost of the storage component, the capacity of which should be between 30% and 50% of the co-located renewable energy project.
Under the scheme, Bulgaria aims to facilitate the deployment of 1,425 MW of renewable energy and 350 MW of battery storage capacity. The country intends to reach 27% of renewables its final energy consumption by 2030 (17% in 2021).
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