/LONDON, October 3, 2022, 11:00 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made, a thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Bulgaria for the next long-term period 2022 ÷ 2031. The number of fully permitted and ready-to-build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry.
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 centre of a region which is undergoing a 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 rapidly increasing purchasing power.
The inevitable wind energy expansion in the CEE & SEE countries creates some challenges and risks: From the connection point of view, there are grid connection constraints due to the aged or overloaded electricity grid network that will need more detailed and precise planning and management. From the investment point of view, developers will want to be secured against frequent changes in renewable energy regulatory framework, feed-in tariff prices, and that license bid prices (in some countries) do not become uncompetitive when the competition in the sector emerges.
In the last few years, Bulgaria has been the focus of the investors’ interest. The political stability and predictability due to the NATO membership and 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.
The development of wind power plants in Bulgaria started with very moderate steps in 2005 but progressed at a fast pace after the second half of 2008. At the end of 2021, cumulative installed wind power capacity in Bulgaria reached 795 MW, which represents 5 % of the total installed power generation 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 and will receive an overview of how COVID-19 (Coronavirus) and the military conflict in Ukraine will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process. As 2021 was a challenging year for the wind energy industry, the time for making the right decisions during 2022 and the next years is limited. A fast-changing market environment requires relevant and accurate information. Reasons to buy this market report include:
- Wind resource potential in Bulgaria
- 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 2011 ÷ 2031
- Grid-connected wind installations
- Future market trends and planned wind projects for 2022 ÷ 2031
- Market prices of fully permitted and operational wind projects
- Bulgarian legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in the wind sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
This report is essential reading for you or anyone with interest in the fast-growing Bulgaria Wind Power Market, including investment trends overview, competitive landscape, and forecasting of how investment volume in this market will develop over the next ten years. This report provides a comprehensive analysis of existing mechanisms supporting the use of wind energy in this country and highlights the challenges and opportunities associated with their development.
The author of this report, Renewable Market Watch™, has distinguished itself throughout the years by publishing unbiased reports on the development of global renewable energy markets. For your convenience, we offer opportunities for orders with customized report content.
The more information and answers to your questions about the Bulgaria Wind Energy market and related content, you may read here: Bulgaria Wind Power Market Outlook 2022÷2031
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