Bulgaria’s battery storage market gears up
- Admin
- Jul 10, 2024
- 1 min read
Sepehr Soltani from Rystad Energy discussed the revenue potential for battery storage in Bulgaria at the RE-Source Southeast Conference. Bulgaria offers €110 per MWh profit with a battery energy storage system. Despite having coal and nuclear capacities, Bulgaria needs to comply with EU rules for emissions reduction. The country is transitioning to energy storage, focusing on behind-the-meter battery storage facilities. Bulgaria has installed 40-50 MWh of battery capacity, with a legislative update and new financing expected to bring in 1000 MWh of new battery capacity in the next two years. The Ministry of Energy in Bulgaria is running tenders for solar and wind generation capacity coupled with energy storage.
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