Menu
Bulgaria Wind Power Market Outlook  2020 - 2030

Bulgaria Wind Power Market Outlook 2020÷2030 - Single User

Product Variations
Base price for variant: 1985,00 €
Discount:
Sales price: 1985,00 €

With shipment by Email for 0,00 €

Description

This market report offers an incisive and reliable overview of the wind energy sector of the country for the period 2020 - 2030...

Update: May, 2020
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 128
Report production №:
RMWIN350202096
Delivery:
Up to 24 hours by e-mail
Subscription: In the report price is included subscription for 1 year period with up to 4 qurterly updates

  • Bulgaria is situated in the South-Eastern part of the Balkan Peninsula. The country's population is 7.284 million people and its territory spans 110,912 sq.km. Bulgaria borders Greece and Turkey to the South, Macedonia and Serbia - to the West. The Danube River to the North is our natural border with Romania; the Black Sea is situated to the East. Bulgaria is in the center of a region, which is undergoing dynamic transition. Within 500 km of our capital city, Sofia (1.4 million people), a population of over 90 million lives in 9 countries that have recently embarked on their way to a market economy. This is a large market with a rapidly increasing purchasing power.

    In the last few years Bulgaria has been in the focus of the investors’ interest. The political stability and predictability due to the NATO membership and to the EU accession, the stable economic perspective and the growing credit rating of the country and its institutions were only some of the elements attracting the investors’ interest. External investors have been attracted by rapidly developing national industry, highly skilled workforce and significant new market.

    Development of wind power plants in Bulgaria started with very moderate steps in 2005, but progressed with fast paces after the second half of 2008. At the end of 2018 cumulative installed wind power capacity in Bulgaria reached 699 MW, which represents 16.3 % of the total installed renewable energy capacity in the country. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Bulgarian wind market will receive overview how the COVID-19 (Coronavirus) will impact it. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2018 and 2019 were challenging years for wind industry, the time for taking right decisions during 2020 and the next few years is limited. Fast changing market environment, requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report are, but no limited to:

    • Overview of the Bulgarian political and economic environment
    • Wind resource potential in Bulgaria
    • Financial Model and Analysis of 50 MW Wind Power Plant investment in Bulgaria (IRR, WACC, Payback, NPV, Cash Flow, etc.)
    • Over 55 charts, tables and maps
    • Overview of Bulgarian wind market development 2010 ÷ 2030
    • Grid connected wind installations
    • Future market trends and planned wind projects for 2020 ÷ 2030
    • Market prices of fully permitted and operational wind projects
    • Romanian legal and energy regulatory framework for renewable projects
    • Key companies and competitive landscape in wind sector
    • Review of most relevant financing and supporting incentives
    • SWOT Analysis (detailed in 5 pages)

    At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com

  • TABLE OF CONTENTS 3
    FOREWORD 7
    1 METHODOLOGY AND LIMITATIONS 8
    1.1 Research Methodology 8
    1.2 Forecast Software and Methodology 9
    1.2 Limitations 12
    2 EXECUTIVE SUMMARY 13
    2.1 Historical and Current Development Overview of Wind Power Market in Bulgaria 13
    2.2 Bulgaria Wind Resource Potential 13
    2.3 Renewable Energy Sources (RES) Policies and Targets 14
    2.4 Key Stakeholders Affecting Wind Power Market Development in Bulgaria 14
    2.5 Market Drivers and Constraints 14
    2.6 Recent and Pending Changes in Renewable Energy Law in Bulgaria 15
    2.7 Market Forecast Summary 15
    3 BULGARIA POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 16
    3.1 Basic Country Data 16
    3.2 Political Climate and Ruling Party 20
    3.3 GDP and Economic Growth 20
    3.4 Taxes 23
    3.4.1 VAT 24
    3.4.2 Income and Corporate Taxes 24
    3.4.3 Exemption of excise duty 25
    4 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET 26
    4.1 General Electricity Market information 26
    4.2 Photovoltaics (Wind) in Energy Sector 32
    4.3 Single Electricity Market 35
    5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) WIND POWER MARKET 38
    5.1 Market Overview 38
    5.2 Cumulative Installed Wind Capacity and Revenue 39
    5.3 Annual Installed Wind Capacity 41
    5.4 Future Development Trends 41
    6 BULGARIA POWER MARKET 43
    6.1 Electricity Transmission and Distribution 43
    6.2 Electricity Consumption and Generation 45
    6.3 Electricity Imports and Exports 49
    6.4 Electricity Prices for Business and Households 50
    6.5 Renewable Energy Sources (RES) Targets 51
    7 BULGARIA WIND POWER MARKET 53
    7.1 Why Invest in Wind Power in Bulgaria? 53
    7.2 Bulgaria Wind Resource Potential 54
    7.3 Licensing Period Duration 55
    7.4 Regional Substation Capacities for Wind Power Projects in Bulgaria 56
    7.5 Overview of Wind Power Market in Bulgaria 57
    7.6 Market Structure Analysis 58
    7.7 Investment Trends and Development Roadmap 59
    7.8 Competitive Environment in Wind Power Market 60
    7.9 Profiles of Key Players and Investors in Wind Power Market 61
    7.10 Cumulative Installed Wind Capacity and Revenue 63
    7.11 Annual Installed Wind Capacity 65
    7.12 Market Prices for Wind Power Projects in Bulgaria in Development, Ready to Build and Operational (Grid Connected) Condition 65
    7.13 Key Cost Structure Elements of Wind Power Plant in Bulgaria 66
    7.14 Levelized Cost of Energy (LCOE) for Wind Power in Bulgaria 67
    7.15 Key Wind Power Projects in Bulgaria Under Development 68
    7.16 Mergers and Acquisitions 71
    8 DRIVERS AND CONSTRAINTS OF WIND MARKET IN BULGARIA. SWOT ANALYSIS 72
    8.1 Market Drivers 72
    8.2 Market Drivers Explained 72
    8.3 Market Constraints 73
    8.4 Market Constraints Explained 73
    8.5 SWOT Analysis 74
    9 FINANCIAL ANALYSIS OF WIND MARKET IN BULGARIA 78
    9.1 Financing Options of Wind Power Projects in Bulgaria 78
    9.2 Financial Model and Analysis of 5 MW Wind Power Plant investment in Bulgaria (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 83
    10 TECHNOLOGY ANALYSIS 88
    10.1 Wind Technology Overview 88
    10.2 Technology Trends 89
    11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE 91
    11.1 RES Regulations and EU Directives 91
    11.1.1 Precedent EU regulations 91
    11.1.2 Most recent EU renewable energy policy developments 92
    12 BULGARIA RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 93
    12.1 Main Laws and Regulations 93
    12.2 Support Schemes 94
    12.3 Green Certificates Trading 94
    12.4 Changes in Renewable Energy Law in Bulgaria in 2019 and 2020 95
    12.5 Auction (Tender) Procedure for Wind Power Plants in Bulgaria 98
    12.6 Zoning, Planning and Construction Related Authorizations 99
    12.7 Environmental Related Authorizations 99
    12.7.1 Natura 2000 Network 99
    12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 101
    12.8 Energy Law Authorizations 101
    12.8.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 101
    12.8.2 Grid Interconnection 102
    12.8.3 Feed-in Tariff (FIT) 103
    12.8.4 Power Off-Take for Green Certificates 105
    12.8.5 Power Off-Take under Auction (Tender) Scheme 106
    12.8.6 Registers for Green Certificates (Guarantees of Origin) 106
    12.9 Future Market Pricing Mechanisms 107
    13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN BULGARIA 108
    13.1 Government Stakeholders 108
    13.2 Non-Government Stakeholders 112
    13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 113
    14 CONCLUSIONS AND RECOMMENDATIONS 121
    15 LIST OF ABBREVIATIONS 123
    16 REFERENCES 125
    17 DISCLAIMER 127
    APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND BULGARIA 128

  • Map 1: Where is Bulgaria on the European Map 16
    Map 2: Bulgaria Road Network 17
    Map 3: Bulgaria Administrative Regions Map 19
    Map 4: Bulgaria Electricity Grids Network 44
    Map 5: Bulgaria Wind Resource Map at 80 m.a.g.l. 54
    MAP 6: Bulgaria Natura 2000 Areas Map 100
    MAP 7: Global Mean Wind Speed at 80 m.a.g.l. 128
    Map 8: European Wind Atlas 129
    Map 9: Unrestricted technical potential for onshore wind energy in the EU countries up to 2030, based on estimated 80 m.a.g.l average wind speeds (incl. Bulgaria) 130

    Chart 1: Bulgaria Real GDP Growth for the Period 2020 ÷ 2030 in % (including forecast) 21
    Chart 2: Bulgaria GDP Growth Compared to EU-27 for the Period 2010 ÷ 2030 in % (including forecast) 22
    Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries 24
    Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and South-East Europe (SEE) in 2019 27
    Chart 5: Breakdown of Electricity Production by Source Type in the EU-28 in 2019 (in %) 29
    Chart 6: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2009 – 2019; Renewable Market WatchTM 30
    Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW) 31
    Chart 8: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2019 (MW) 32
    Chart 9: Age of Power Plants in Europe in 2019 33
    Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2019 (MW) 34
    Chart 11: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2009 – 2019 in the EU 34
    Chart 12: Number of Filled Patents for Wind Technologies in CEE & SEE Countries 2009 – 2019, EPO PATSTAT 38
    Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2010 ÷ 2030, including forecast 39
    Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2010 ÷ 2030, including forecast 40
    Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2010 ÷ 2030, including forecast 41
    Chart 16: Bulgaria Power Market Structure 43
    Chart 17: Share of RES electricity from Total Installed Power Capacity in Bulgaria in 2019 46
    Chart 18: Bulgaria Total Annual Electricity Consumption (in TWh) 2009 ÷ 2019 47
    Chart 19: Bulgaria Power Generation Capacity Breakdown by Source (Fuel) Type in 2019 48
    Chart 20: Electricity Imports and Exports in Bulgaria 2020 ÷ 2030 (in million kWh) including forecast 50
    Chart 21: Bulgaria Targets for Renewable Energy Sources by 2030(in %) set by National Renewable Energy Action Plan (NREAP) 52
    Chart 22: Chart: Number of Filled Patents for Wind Technologies in Bulgaria 2009 – 2019, EPO PATSTAT 60
    Chart 23: Cumulative Installed Capacity of Wind Power Plants in Bulgaria (in MW) 2010 ÷ 2030, including forecast 63
    Chart 24: Cumulative Revenue of Wind Power Plants in Bulgaria (in Millions EUR) 2020 ÷ 2030, including forecast 64
    Chart 25: Annual Installed Capacity of Wind Power Plants in Bulgaria (in MW) 2020 ÷ 2030, including forecast 65
    Chart 26: Levelized Cost of Energy (LCOE) for Wind Power and Other Renewable Technologies in Bulgaria by 2030 (in €) 67
    Chart 27: Bulgarian SEFF Structure 79
    Chart 28: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Bulgaria 86
    Chart 29: Wind Turbine Price Evolution (€/Wp) 2010 ÷ 2020 89
    Chart 30: Market Shares by Sales of the Distribution System Operators (DSOs) in Bulgaria in 2019 113

    Table 1: Electricity Prices for Business and Households 51
    Table 2: Support Schemes for RES Generation in the EU Countries and Bulgaria 53
    Table 3: Market Prices for Wind Projects in Bulgaria for 2020 ÷ 2030 in Development, Ready to Build and Operational (Grid Connected) Condition (2020 Update) 66
    Table 4: Key Cost Structure Elements of Wind Power Plant in Bulgaria in 2020 67
    Table 5: Database with Major Operational, Under Construction and Planned Wind Projects in Bulgaria 69
    Table 6: Key Financial Parameters of 50 MW Wind Power Plant Investment in Bulgaria 84
    Table 7: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Bulgaria (IRR, NPV, Payback, Benefit-Cost) 84
    Table 8: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Bulgaria 85
    Table 9: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Bulgaria (Pre-tax, After-tax, Cumulative) 86
    Table 10: Wind Turbine Price Trend in 2020 90
  • Fields with * are mandatory.

Live Chat