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, and North 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.
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 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.
The development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed at a fast pace after the second half of 2010. At the end of 2022, the cumulative installed solar PV capacity in Bulgaria exceeded 1,700 MW (1.7 GW). 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. Recent legislative changes in Bulgaria aim to facilitate the permitting process for solar power plants.
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 photovoltaic market will receive an overview of how the COVID-19 (Coronavirus) recovery and the European Union's decision to make a significant reduction of Russian gas and other energy commodities import will impact it. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2021 and 2022 were challenging years for the photovoltaic industry, the time for making the right decisions during 2023 and the next few years is limited. The fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:
- Overview of the Bulgarian political and economic environment
- Solar resource potential in Bulgaria
- Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Bulgaria (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables and maps
- Overview of Bulgarian photovoltaic market development 2012 ÷ 2032
- Grid-connected photovoltaic installations
- Future market trends and planned photovoltaic projects for 2023 ÷ 2032
- Market prices of fully permitted and operational photovoltaic projects
- Bulgarian legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in the photovoltaic sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
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