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Bulgaria Will Finance 31 Battery Energy Storage System (BESS) Projects Under the RESTORE 2 Tender Procedure with 4,000 MWh of Storage Capacity

/SOFIA, BULGARIA, January 5, 2026, 9:15 CET, RENEWABLE MARKET WATCH™/ A comprehensive funding initiative has been successfully completed, supporting 31 projects for the construction and commissioning of electricity storage facilities. This initiative, part of the National Infrastructure for Storage of Electricity from Renewable Sources (RESTORE 2), has a budget of BGN 228.9 million.
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Contracts for 6,000 MWh of Battery Energy Storage Capacity Have Been Signed Under the RESTORE Tender Program in Bulgaria

/SOFIA, BULGARIA, September 9, 2025, 9:15 CEST, RENEWABLE MARKET WATCH™/ Contracts have been signed for a total of 6,000 MWh of installed battery capacity as part of the initiative aimed at developing a comprehensive national infrastructure for storing energy derived from renewable sources, known as the RESTORE program. This initiative is financially supported through the Bulgarian Recovery and Resilience Plan.
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Bulgaria is Preparing to Launch a New Expansion Tender Procedure for a 1,900 MWh Battery Energy Storage System (BESS) Capacity Soon

/SOFIA, BULGARIA, September 2, 2025, 11:30 CEST, RENEWABLE MARKET WATCH™/ Thus, in addition to the batteries planned so far for nearly BGN 1.2 billion (EUR 0.61 billion), another 1,900 MWh of electricity storage systems will be added in the second part of the program in Bulgaria, and the total amount of grant funding they will receive is over BGN 230 million (EUR 117.6 million).
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Badamsha-I Wind Farm Project in Kazakhstan with 48 MW Capacity Started Commercial Operation

/18th December 2019, RENEWABLE MARKET WATCHTM/ The first foreign wind farm investment for Kazakhstan and the first project in the region in the field of renewable energy sources were implemented by Italian investors in the Aktobe region. The ceremony of launching the 'Badamsha-I Wind Farm' was attended by the Ambassador of Italy to Kazakhstan, Pasquale D'Avino, Akim of the Aktobe region Ondasyn Urazalin, Deputy Chairman of the Management Board of JSC “NC“ KAZAKH INVEST ”Birzhan Kaneshev, as well as Executive Vice President of Eni for the Central Asian Region Luka…
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Serbia Plans to Implement Auctions for Development of Renewable Energy Projects

/12th November 2019, RENEWABLE MARKET WATCHTM/ The first wind and solar auctions are expected in Serbia in 2020. The projects that have already been started under a feed-in tariff mechanism will be completed under the existing regulations. According to the proposed amendments, incentive measures for privileged power producers would be given in the form of a premium, calculated as the difference between the price, with which the renewable energy producer has won the auction, and the market price of electricity. Furthermore, net metering for renewable energy is currently under consideration by…
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Czech Republic Considers Auctions (Tenders) for Large-Scale Renewable Energy Projects

/11th October 2019, RENEWABLE MARKET WATCHTM/ The Czech Republic is in the process of preparation to start renewable energy auctions (tenders) from 2021 to meet its future targets for renewable electricity in the final energy consumption. However, solar photovoltaic (PV) energy is not included in the auctions (tenders) in the first draft of the new RES auction (tender) law. Officials from the Czech government suppose that solar PV electricity shall be fully competitive without any subsidies from 2021 and shall not need any support.
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Record Low Price Achieved at Latest Auction (Tender) for Renewable Energy Projects in Kazakhstan

/28th November 2019, RENEWABLE MARKET WATCHTM/ In the course of the pilot auction for 50 MW solar photovoltaic (PV) power plant in Kazakhstan there has been a record low price set for solar photovoltaic power generation. The auction was recognized to be succeeded. The auction participants' geography is represented by 6 countries, including Kazakhstan, Italy, Russia, Germany, China, and the Netherlands.
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