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Bulgaria launches tenders to be capable to add 1.43GW of renewables to grid

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The tenders aim to amplify the portion of dapper energy in Bulgaria’s energy mix. Characterize: Bulgaria’s Ministry of Vitality

Bulgaria’s Ministry of Vitality has launched two tenders to be capable to add 1,425MW of renewable vitality abilities to the grid and 350MW of battery energy storage system (BESS) projects.

The ministry stated the predominant purpose of the funding, totalling BGN535.1 million (US$298.2 million), is to amplify the portion of dapper energy in Bulgaria’s energy mix by supporting the pattern and integration of renewables into the grid.

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With a worth range of BGN107.6 million, the first gentle will finance the pattern of portray voltaic and wind projects and co-located BESS with an place in skill of 200kW to 2MW. On this gentle, not much less than 200MW of production skill from renewables alongside side not much less than 100MW of BESS will likely be built. Basically the most amount of financing for a venture is as a lot as BGN35.9 million.

The financing will quilt as a lot as 50% of the eligible prices nonetheless no more than BGN1.08 million per 1MW of place in BESS skill.

The 2nd gentle’s worth range reaches BGN427.5 million, supporting unexcited portray voltaic and wind projects, alongside side BESS, with an place in skill of more than 200 kW. This gentle goals to assemble not much less than 940MW of renewables skill alongside side not much less than 200MW of BESS. Basically the most financing for one venture for one endeavor is as a lot as BGN58.7 million.

The financing will quilt as a lot as 50% of the eligible prices, with a most of BGN743,215 for 1MW of place in skill of the BESS.

Corporations from all sectors in Bulgaria can submit bids for the gentle apart from agriculture, forestry and fisheries, and the lower-off date for submitting venture proposals is 12 June 2024.

On that gift, the Bulgarian government began a public session on the nation’s first renewable energy auction in October 2023, with a proposed skill of 570MW for wind and portray voltaic for the first gentle. The major purpose of the gentle round changed into once to wait on contributions to amplify the portion of dapper energy in Bulgaria’s energy mix on the means to local weather neutrality.

Sooner than these tenders, in February, the European Financial institution for Reconstruction and Building (EBRD) backed a €25 million (US$27 million) funding into a 112.5MW portray voltaic PV venture in north-japanese Bulgaria. The EBRD will guarantee the €25 million mortgage from UniCredit Bulbank to the Tsenovo portray voltaic plant thru its threat-sharing framework, which sees the EBRD portion threat with ‘Accomplice Financial Institutions’ on investments into local companies.

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