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  • Bulgaria and Romania with Gigawatt New Capacity Additions in Solar Photovoltaic (PV) Power by 2024

    Bulgaria and Romania with Gigawatt New Capacity Additions in Solar Photovoltaic PV Power by 2024 small

    /18th December 2020, RENEWABLE MARKET WATCHTM/ Solar photovoltaic (PV) power in the European Union had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030.  The EU member states installed 18.2GW of solar power capacity in 2020, an 11% improvement over the 16.2GW deployed in the previous year, according to the recently released report EU Market Outlook for SolarPower 2020-2024 by SolarPower Europe. With minimal solar power installation activity in Bulgaria and Romania in the last few years, the prediction model of SolarPower Europe shows the up-and-coming gigawatt new solar photovoltaic (PV) capacity addition opportunities for Bulgaria and Romania by 2024. SolarPower Europe’s growth assumptions are much higher than the targets formulated by EU member states in their National Energy and Climate Plans (NECP). But with drivers for solar energy in Europe only getting stronger, the foundation is laid for further rapid growth in the coming years.

  • Bulgaria Announced Two Tenders for Solar Photovoltaic (PV) Technology and Energy Storage Facilities with a Combined Budget of €273.6 Million

    /LONDON, March 14, 2024, 11:00 GMT, RENEWABLE MARKET WATCHTM/ The Ministry of Energy of the Republic of Bulgaria has announced two requests for proposals for tender participation to support new renewable electricity generation and energy storage capacity under the National Recovery and Resilience Plan (RRP). These procedures are implemented under Investment 6, "Support for new capacities for electricity production from renewable sources and electricity storage" (C4.I6) of the RRP of the Republic of Bulgaria.

  • Bulgaria Solar Photovoltaic (PV) Power Market: Outlook 2020 - 2030 by Renewable Market Watch with Trends, Forecasts, Investments, Opportunities, Analysis

    Giant Solar Power Plant in Bulgaria with 400 MWp Capacity in Bulgaria small

    /16th April 2021, RENEWABLE MARKET WATCHTM/ Development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed with fast paces after the second half of 2010. At the end of 2018 cumulative installed solar PV capacity in Bulgaria reached 1,036 MW. Several large scale solar photovoltaic (PV) projects with a capacity above 50 MW have been announced in Bulgaria after 2018 and these projects will be built between 2021 and 2024. 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 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.

  • Bulgaria Solar Photovoltaic (PV) Power Market: Outlook 2022 - 2031 by Renewable Market Watch with Trends, Forecasts, Investments, Opportunities, Analysis

    Giant Solar Power Plant in Bulgaria with 400 MWp Capacity in Bulgaria small

    /LONDON, May 18, 2022, 9:15 BST, RENEWABLE MARKET WATCHTM/ Development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed at fast paces after the second half of 2010. At the end of 2021, Bulgaria's cumulative installed solar PV capacity reached 1,186 MW. Several large scale solar photovoltaic (PV) projects with a capacity above 50 MW have been announced in Bulgaria after 2018, and these projects will be built between 2022 and 2024. In the last few years, Bulgaria has been the focus of the investors’ interest. Furthermore, Bulgaria quickly has to diminish its dependency on Russian energy imports, and solar power is one of the best renewable energy alternatives. 

  • Bulgaria Solar Photovoltaic (PV) Power Market: Outlook 2023 - 2032 by Renewable Market Watch with Trends, Forecasts, Investments, Opportunities, Analysis

    Giant Solar Power Plant in Bulgaria with 400 MWp Capacity in Bulgaria small

    /LONDON, March 7, 2023, 9:30 GMT, RENEWABLE MARKET WATCHTM/ Development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed at fast paces after the second half of 2010. At the end of 2022, Bulgaria's cumulative installed solar PV capacity exceeded 1,500 MW (1.5 GW). Several large-scale solar photovoltaic (PV) projects with a power capacity above 50 MW were launched into commercial operation in Bulgaria in 2022. Local and international investors will build new solar projects between 2023 and 2025. In the last few years, Bulgaria has been the focus of the investors’ interest. Furthermore, Bulgaria quickly has to diminish its dependency on Russian energy imports, and solar power is one of the best renewable energy alternatives. 

  • Bulgaria Wind Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /25th February 2021, RENEWABLE MARKET WATCHTM/ This is the first-ever made 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 2020 ÷ 2030. 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 Wind Power Market: Outlook 2022 - 2031 - Trends, Forecasts, Investments, Opportunities, Analysis,

    /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.

  • Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power

    MET Group Acquires 42 MW Wind Farm in Bulgaria from Enel Green Power Small

    /18th January 2021, RENEWABLE MARKET WATCHTM/ Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power. The Swiss-based MET Renewables Holding AG has notified the Commission for Protection of Competition in Bulgaria of its intention to acquire sole direct control over Enel Green Power Bulgaria EAD. The parent company is a subsidiary of the Italian Enel Green Power, which is part of the Enel Group and its activities are related to the management of 42 MW wind farm consisting of two sites with a total number of 14 SPV companies that own 14 wind turbines of 3 MW each, all in Northeastern Bulgaria. The buyer, MET Renewables Holding AG is a new company, but it is backed by the Swiss group MET, with direct owner MET Holding AG. However, it has been operating in Bulgaria since 2017 through its subsidiary MET Energy Trading Bulgaria. It is active in the electricity trading market at freely negotiated prices.

  • Deputy Minister of Education and Science of Bulgaria, Mrs Marieta Georgieva: The new list of professions will meet the future needs of the renewable energy business in Bulgaria

    /SOFIA, April 24, 2024, 9:00 GMT, RENEWABLE MARKET WATCHTM/ This was stated by the Deputy Minister of Education and Science during the second edition of the career forum and exhibition "Recharge your career", dedicated to the renewable energy industry.

  • EBRD Provides Financing to Support the 156 MW Saint Nikola Wind Farm in Bulgaria

    /LONDON, December 27, 2021, EBRD, RENEWABLE MARKET WATCHTM/ To boost Bulgaria’s renewable energy sector, the European Bank for Reconstruction and Development (EBRD) has committed earlier this month new funds to the 156 megawatt (MW) Saint Nikola wind farm located in the Kavarna region of northeast Bulgaria.

  • European Bank for Reconstruction and Development (EBRD) Supports the Tsenovo Solar Photovoltaic Power Plant of Enery Development in Bulgaria with a Guarantee of up to EUR 25 Million for a Loan Provided by UniCredit Bulbank

    /LONDON, February 7, 2024, 9:00 GMT, EBRD, RENEWABLE MARKET WATCHTM/ The loan from UniCredit Bulbank will be used for the construction and entry into commercial operation of one large-scale solar PV power plant in northeastern Bulgaria with 112.5 MW capacity, which will be connected to the national transmission system network with a 20 kV/110 kV substation. Enery Development is the project sponsor of the Tsenovo Solar Photovoltaic Power Plant. The company, which is headquartered in Austria, operates 273 MW of renewable energy plants across central and eastern Europe. The Three Seas Initiative Investment Fund supports Enery's investment pipeline.

  • German Company Profine Energy GmbH has Officially Confirmed its Interest in Investment Large-scale Floating Solar Photovoltaic (PV) Project in Bulgaria with a Capacity Between 0.5GWp and 1.5GWp

    /SOFIA, December 20, 2022, 10:00 GMT, Profine Energy, RENEWABLE MARKET WATCHTM/ The German company Profine Energy GmbH, representatives of which visited our country in early November to explore the possibilities of launching a project in Bulgaria, has officially confirmed its interest in a large-scale investment in the construction of a floating solar park in Northwestern Bulgaria. This happened today during a meeting between the Minister of Economy and Industry Nikola Stoyanov, the CEO of the “State Consolidation Company” EAD Ventsislav Dimitrov and the owner of the German company Dr. Peter Mrosik.

  • Giant Solar Photovoltaic (PV) Power Plant in Bulgaria with 400 MWp Capacity is Planned in Bulgaria by Austrian Investor Enery Development

    Giant Solar Power Plant in Bulgaria with 400 MWp Capacity in Bulgaria small

    /28th September 2020, RENEWABLE MARKET WATCHTM/ Тhе Мunісіраl Соunсіl оf Наѕkоvо hаѕ іѕѕuеd at the end of August 2020 рrеlіmіnаrу аррrоvаl fоr thе соnѕtruсtіоn оf а giant solar рhоtоvоltаіс (PV) power рlаnt with 400 MWp capacity nеаr thе vіllаgеѕ оf Кnіzhоvnіk аnd Dоlnо Vоуvоdіnо, located in the Haskovo District of South Bulgaria. Тhе іnvеѕtоr whо wіll buіld thе рlаnt іѕ Еnеrу ВG 1, whісh іѕ а рrојесt соmраnу оf thе Аuѕtrіаn hоldіng Еnеrу Dеvеlорmеnt GmbН. Тhе рhоtоvоltаіс power рlаnt іѕ ехресtеd tо gеnеrаtе 560,000,000 КWh оf сlеаn еnеrgу аnd ѕаvе 650,000 tоnѕ оf саrbоn dіохіdе еmіѕѕіоnѕ реr уеаr, according to the company. Furthermore, it will open over 50 permanent jobs and additional jobs during the construction phase of the project that will take up to 12 months. Vіеnnа-bаѕеd Еnеrу Dеvеlорmеnt, fоundеd іn 2019, іѕ аn іnvеѕtmеnt соmраnу fоr rеnеwаblе еnеrgу іnfrаѕtruсturе thаt рrоvіdеѕ сlеаn еnеrgу tо іtѕ сuѕtоmеrѕ.

  • Less than 1 Month Left to RE-Source Southeast Conference 2024, 15-16 May, Sofia, Bulgaria

    /SOFIA, April 19, 2024, 16:00 BST, RENEWABLE MARKET WATCHTM/ RE-Source Southeast, the largest event dedicated to corporate renewable energy sourcing in Southeast Europe, will be held for the 4th time in Sofia, Bulgaria. It brings together industrial and corporate consumers, project developers, electricity traders and renewable power producers.

  • MET Group Acquires 42 MW Operational Wind Farm in Bulgaria from Enel Green Power

    MET Group has acquired 42 MW Wind Farm in Shabla Bulgaria from Enel Green Power small

    /28th December 2020, RENEWABLE MARKET WATCHTM/ The Swiss-based MET Renewables Holding AG has notified the Commission for Protection of Competition in Bulgaria of its intention to acquire sole direct control over Enel Green Power Bulgaria EAD. The parent company is a subsidiary of the Italian Enel Green Power, which is part of the Enel Group and its activities are related to the management of 42 MW wind farm consisting of two sites with a total number of 14 wind turbines, all in Northeastern Bulgaria. The buyer, MET Renewables Holding AG is a new company, but it is backed by the Swiss group MET, with direct owner MET Holding AG. However, it has been operating in Bulgaria since 2017 through its subsidiary MET Energy Trading Bulgaria. It is active in the electricity trading market at freely negotiated prices.

  • MET Group Finalised Transaction of 60MW Wind Park Suvorovo in Bulgaria

    Suvorovo Wind Farm 60 MW Grupo Enhor small

    /LONDON, December 27, 2021, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The Swiss energy company MET Group finalised the transaction for a 100% stake in a 60MW wind park in Bulgaria. MET Group signed a share purchase agreement with Spanish Grupo Enhol to acquire the operating wind asset earlier (on 30 July 2021) this year. With this acquisition, the company continues to follow its target of 500MW operational renewable energy power plants in the Central East Europe (CEE) region by 2023. The transaction is essential in achieving MET’s renewables growth targets in the CEE region of 500 MW in operation by 2023.

  • PPC Group and MYTILINEOS Announced their Strategic Cooperation for the Development of a Solar Project Portfolio of up to 2,000MW (2GW) in Bulgaria, Croatia, Italy and Romania

    /ATHENS, April 11, 2024, 10:00 BST, PRNewswire/ PPC Group and MYTILINEOS Energy & Metals announce that they have signed a Cooperation Framework Agreement (CFA) for the development and construction of a portfolio of solar projects up to 2000MW in Italy, Bulgaria, Croatia and Romania. Specifically, the agreement refers to approximately 90 solar projects owned by MYTILINEOS in Italy (503 MW), Romania (516 MW), Bulgaria (500 MW) and Croatia (445 MW) which are at various stages of development. Under the agreement MYTILINEOS will undertake the development and construction of these projects, which will then be acquired by PPC Group upon completion of their connection to the electricity grid of the aforementioned countries.

  • RE-Source Southeast 2022 Conference on May 31 - June 1 in Sofia, Bulgaria

    /SOFIA, Ma6 16, 2022, 10:00 BST, RENEWABLE MARKET WATCHTM/ Тhe RE-Source Southeast 2022 conference is the biggest event in the region dedicated to bring together large industrial and corporate consumers, electricity traders, renewable energy producers, developers from the Southeast region as well as key policy decision makers.

  • RE-Source Southeast Conference 2023, 18-19 May, Sofia, Bulgaria

    /SOFIA, March 17, 2023, 10:00 GMT, RENEWABLE MARKET WATCHTM/ RE-Source Southeast is the go-to event for corporate sourcing of renewable energy in the SEE region! While self-consumption and on-site generation is still the prevailing choice for SEE corporates, the PPA market has the potential to catch up fast, as first deals have already been announced in Bulgaria, Greece and Romania. Across Europe, high market prices tempted power producers to shift towards short-term PPAs and more active energy trading strategies with a rising focus on short-term hedges.

  • RE-Source Southeast Conference 2024, 15-16 May, Sofia, Bulgaria

    /SOFIA, February 28, 2024, 10:00 GMT, RENEWABLE MARKET WATCHTM/ RE-Source Southeast, the largest event dedicated to corporate renewable energy sourcing in Southeast Europe, will be held for the 4th time in Sofia, Bulgaria. It brings together industrial and corporate consumers, project developers, electricity traders and renewable power producers.

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