Bulgaria Greenlights €269M for Renewable Energy Projects
Bulgaria has approved 249 projects for renewable energy and battery storage, totaling approximately EUR 269 million, funded under the National Recovery and Resilience
Bgaria will finance 82 standalone battery storage projects worth over 1.15 billion levs ($675 million) under its EU-funded procurement exercise named RESTORE.
Be the first one to comment on this article. Developers of 82 standalone battery projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies.
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.
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.
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