office building energy storage project financing options in Bulgaria 2025

Why is energy storage growing in Bulgaria?

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.

How much money does the NRRP provide for energy projects in Bulgaria?

Under the RESTORE initiative, launched through Bulgaria’s National Recovery and Resilience Plan (NRRP), the Ministry of Energy has selected 82 projects that will collectively receive BGN 1.15 billion (approximately $675 million) in public funding.

How will the selected storage systems be distributed in Bulgaria?

The selected storage systems will be geographically distributed across Bulgaria and connected either to the national transmission grid or local distribution networks. All awarded projects must be operational by March .

How much funding does Bulgaria have for a decarbonization project?

Grant funding is capped at BGN 148.6 million per project, covering up to 50% of eligible costs, and limited to BGN 371,607.70 per MWh of usable capacity (excluding VAT). This tender marks a significant milestone in Bulgaria’s broader decarbonization agenda.

What is the deadline for submitting project proposals in Bulgaria?

The deadline for submission of project proposals was December 5, . The Bulgarian Ministry of Energy announced on December 6 that it has received 151 project proposals worth nearly BGN 5 billion, which far exceeded the available funding of BGN 1.154 billion. Of the submitted proposals, 118 projects—totaling BGN 1.6 billion—were shortlisted.

How many MWh will a new energy storage project deliver?

The selected projects will deliver a total usable energy storage capacity of 9,712.89 MWh, the Ministry of Energy said on April 17, more than three times the minimum target of 3 GWh originally set by the tender. The deadline for submission of project proposals was December 5, .

Bulgarian tender awards nearly 10 GWh of energy

Bulgaria will finance 82 standalone renewable energy storage projects worth over 1.15 billion levs ($675 million) under its EU-funded procurement exercise named RESTORE.

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Energy Storage in Bulgaria Surges with 9.7 GWh

Under the RESTORE initiative, launched through Bulgaria’s National Recovery and Resilience Plan (NRRP), the Ministry of Energy has selected 82 projects that will collectively receive BGN 1.15 billion

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Another project with an implementation period till is dubbed “Program for the financing of single renewable energy measures in single-family and multi-family buildings”.

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Bulgaria launches call for grants for standalone energy storage units

Bulgaria prepared EUR 589 million in grants for standalone energy storage projects. The deadline for applications is November 21.

Bulgaria installs over 9 GWh of batteries, with over half a billion

Bulgaria will finance 82 independent renewable energy storage projects worth over 1.15 billion leva (588 million euros) under the EU-funded program called RESTORE, the

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Bulgaria Unveils the Largest Battery Storage System

Bulgaria has officially inaugurated the largest battery energy storage system (BESS) in the Balkans, boasting a capacity of 496.2 MWh. This groundbreaking facility, located in Lovech, is set to enhance the stability of the

Bulgaria installs over 9 GWh of batteries, with over

Bulgaria will finance 82 independent renewable energy storage projects worth over 1.15 billion leva (588 million euros) under the EU-funded program called RESTORE, the Energy Ministry in Sofia announced last week.

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Bulgarian Tender Awards Nearly 10 GWh of Energy Storage

These projects will deliver a combined usable energy storage capacity of 9,712.89 MWh, exceeding the program’s initial target of 3,000 MWh by more than threefold.

The Project Financing Outlook for Global Energy Projects

Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new

Bulgaria Country Strategy -30

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