News & Analysis

/SOFIA, January 22, 2025, 10:00 GMT, RENEWABLE MARKET WATCH^TM/ By 2027, these projects will provide 160% of the electricity needed for the Group’s operations in Bulgaria. They will meet 65% of the Group’s total electricity demand, eliminating approximately 120,000 tonnes of carbon dioxide emissions from the electricity grid in Bulgaria each year. Together, the projects will have a total installed capacity of 124 MW and an annual generation of 310,000 MWh – enough to power over 60,000 households yearly. In addition, the initiative includes a state-of-the-art battery system capable of storing energy 1.5 times the peak output. This step is a testament to United Group’s commitment to accelerating Bulgaria’s transition to clean energy, paving the way for a more sustainable future across the Southeast.

President Rumen Radev invited United Group CEO Victoria Bocklag, company representatives and Sir Robert Swan, a polar researcher, to a special meeting to discuss the importance of developing renewable energy projects in the country. During the meeting, the Head of State also stressed the need to improve the country’s digital infrastructure, the prospects for the construction of large data centres, and investment in the field of cybersecurity.

United Group has driven progress in the country since its entry in 2020, investing 2.5 billion in cutting-edge technologies, including the country’s first 10 CIGA fibre network, the first 5G commercial network, which is now the largest in the country, and the first unlimited 5G mobile plans. This renewable energy initiative is a natural extension of the Group’s commitment to creating meaningful impact by combining technical excellence and environmental responsibility.

The first solar power plant – near Stara Zagora – has already been commissioned. United Group will build two more solar parks near Kyustendil and Vidin. The wind power plant in north-eastern Bulgaria will set new standards for innovation and efficiency in the region. All projects have been strategically designed to minimise environmental impact by utilising existing industrial sites and integrating advanced energy storage systems. The company’s ultimate goal is to achieve zero net emissions across its entire value chain by 2040 – a commitment demonstrating its sustainability leadership.

More information about other large-scale solar projects planned in Bulgaria, a detailed scheme of the permitting and administrative procedure for solar photovoltaic (PV) power plants, a map of grid-saturated areas in Bulgaria, and full contact details of important solar project owners and developers, and much other information you will find in: Bulgaria Solar Photovoltaic (PV) Power Market Outlook 2024÷2033

In order to download the executive summary brochure with sample pages, please access from here: Bulgaria Solar Photovoltaic (PV) Power Market Outlook – Sample

For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2025

 About Renewable Market Watch™

Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting-edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets in Asia Countries, Western Europe, South Europe, Balkan countries, Central and Eastern Europe, CIS states (the former Soviet Union), LATAM countries, and MENA countries. For more information about Renewable Market Watch™, please visit:
https://renewablemarketwatch.com/about-us