/SOFIA, BULGARIA, July 15, 2025, 11:30 CET, RENEWABLE MARKET WATCH™/
A Bulgarian project for manufacturing batteries for energy storage has been granted strategic status under the European Clean Technology Initiative, the Ministry of Economy and Industry announced. The innovative project is already listed in the European Commission’s public register of strategic projects. The BG EXERON X-BESS project in the field of batteries and energy storage technologies is one of six projects selected from across Europe.
The production will put Bulgaria on the global map for the production of battery energy storage technologies, aligning completely with the objectives set out in the Regulation for a secure and sustainable supply of net-zero-emission technologies, thereby expanding production capacities and their supply chains.
Minister of Economy and Industry Petar Dilov held a meeting with Alexander Rangelov, CEO of the company that developed the project. Dilov pointed out that active efforts are being made to improve energy efficiency and security of supply for the Bulgarian industry, with a particular focus on zero-emission technologies. “We believe this project will take its rightful place as a key player in the cleantech value chain. This is a step forward for Bulgaria and our participation in the European and global energy transformation industry,” Minister Dilov stressed.
BG EXERON X-BESS is an electric energy storage system in batteries, fully developed on the patented technology of International Power Supply (IPS). Production will take place in the Hemus high-tech industrial park, Kremikovtsi district, Sofia.
The project aims to create at least 65 new jobs by the end of 2025, with a significant percentage of these being high-value-added positions, including 25% in development and engineering and 60% in technical specialist roles. Production is expected to open this autumn. The Ministry of Economy and Industry is coordinating the implementation of the Regulation for the development of net-zero-emission technologies in Bulgaria.
The Bulgarian solar power market has been experiencing significant growth since 2021. As a result of the high economic growth in the last 3 years, industrialisation and urbanisation, the demand for new energy generation sources to replace the coal-based power plants in Bulgaria is increasing. By the end of 2024, Bulgaria had a cumulative installed solar capacity of 4,568 MW (4.57 GW), representing an increase of 1,283 MW (1.28 GW) compared to 2023.
For the first half of 2025, almost 450 MW (0.45 GW) of new solar power capacity has been installed in the country, and the cumulative capacity is currently close to 5,000 MW (5 GW).
In 2023, for the first time, Bulgaria joined the group of European countries that installed more than 1 GW of new capacity in a single year. Several large-scale solar photovoltaic (PV) projects with a power capacity above 100 MW were launched into commercial operation in Bulgaria between 2021 and 2024. The utility-scale sector dominates the installed solar capacity, with a share of 77%.
The battery energy storage system (BESS) market in Bulgaria will experience robust growth by 2030 in the co-located/behind-the-meter (BTM) and front-of-the-meter (FTM) segments. Together with the already approved at the end of April 2025, 82 projects for the construction of batteries for the storage of electricity under the Recovery and Sustainability Plan for nearly BGN 1.2 billion (€ 600 million), awaiting the signing of contracts, and 30 reserve projects for which additional money is still being sought through the new chapter of the plan – RePowerEU, Bulgaria intends to become a balancing force in the region.
By the end of 2027, Bulgaria is expected to install between 7 GWh and 11 GWh of new battery energy storage systems, according to the Central East and South East Europe Battery Energy Storage System (BESS) Market Outlook 2025 ÷ 2034.
For more information and answers to your questions about the Bulgarian solar and storage power market and related content, you may read here: Bulgaria Solar Photovoltaic (PV) Market Outlook 2025 ÷ 2034
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Image Credit: Bulgarian Ministry of Economy and Industry
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