Switzerland-based Axpo Group has signed a revenue hedging deal for Bulgaria''s first and largest operational battery energy storage system (BESS), a facility of 124 MW/496.2 MWh in Lovech.
capacity to 2.2 GW with another 700 MW expected to become operational in 2023. In other words, Bulgaria could easily sail past its 2030 National Ener.
Bulgaria has completed a 496 MWh battery energy storage system, billed as the largest in the European Union. Crews completed the project in six
Developers of 82 standalone battery storage projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies
The transaction marks one of the country''s most advanced storage financing deals to date, supporting Bulgaria''s transition toward a more flexible and renewable-powered energy system.
The new BESS joins a 25-MW/55-MWh project in Razlog, in southwestern Bulgaria, that came online in 2024. That project was developed by
Bulgaria approves funding for 31 battery energy storage projects totaling 4 GWh under the RESTORE 2 program.
A flurry of grid-scale BESS project progress totalling more than a combined 1.5GWh, from Renalfa in Bulgaria, Engie in Romania, Nala
Bulgaria''s Ministry of Energy has approved €588 million in funding for 82 standalone battery energy storage projects, totaling nearly 9.7GWh of usable capacity. The final decision,
The RESTORE tender is funded under Bulgaria''s National Recovery and Resilience Plan (NRRP), which aims to significantly increase the share of
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