United Group Ventures Into Green Energy with €120M Investment
Southeast Europe''s telecoms powerhouse United Group has taken a major step into the production of green electricity with an initial €120 million investment in Bulgaria. This
Bulgaria
The reduction of fossil fuel imports into Bulgaria entails an increased need for energy production from renewable sources. By the end of 2024, Bulgaria''s Electricity System Operator (ESO) will finalize its investment
Containerized Battery Energy Storage System
Containerized Battery Energy Storage Systems (BESS) are essentially large batteries housed within storage containers. These systems are designed to store energy from renewable sources or the grid and release it
BULGARIA: Why are the Bulgarians beating us? They
Despite the fact that renewable energy is much less developed in Bulgaria than in Romania, our neighbors have a battery storage facility for electric energy more than twice as large as the largest one in Romania. "We are
Hithium launches 55MWh BESS in Razlog, Bulgaria
Hithium has launched a 55 megawatt hours (MWh) battery energy storage system (BESS) project in Razlog, southwestern Bulgaria. The project, the largest in Eastern Europe, has been realised by Solarpro, a company
Scaling-up Energy Communities in Bulgaria
EU Member States have until June 2021 to transpose the Renewable Energy Directive into national legislation. The transposition of these guidelines into local law should be used as an
Bulgaria Secures Boost For Its Renewable Energy Future
Bulgaria has announced 249 new renewable energy and energy storage projects due to be completed by March 2026, boosting the country''s energy capacity significantly. By 2030,
OMV Petrom enters Bulgarian solar power market as partner in
As part of its decarbonization efforts, Romanian hydrocarbons producer OMV Petrom is strengthening its presence in neighboring Bulgaria. It agreed to buy 50% of the
Telecom Firm Invests €120m in Bulgaria''s Renewable Energy
By Abdullahi Lukman United Group, a leading telecommunications powerhouse in Southeast Europe, has invested €120 million in renewable energy in Bulgaria. This initiative is
Renewable Energy in Bulgariа | 2022 edition | SeeNext
The 2022 edition of the Renewable Energy in Bulgariа report provides an analysis of the current state of play in the sector and the competitive landscape, a ranking of the most dynamic renewable energy companies in Bulgaria and an
Renewable Energy in Bulgariа | 2023 edition | SeeNext
This year''s edition of the Renewable Energy Industry in Bulgariа Report comes with a special focus on two hot topics – the development of the market for power purchase agreements
IFC Supports Major Solar Power Project to Drive Bulgaria''s Renewable
To support Bulgaria''s transition to a more sustainable and diversified energy mix, IFC is financing a 225-megawatt (MW) direct current solar photovoltaic (PV) project developed
Bulgaria awards EU funds to 249 projects for renewables with
Under two calls in Bulgaria, developers of 249 projects will receive EUR 268 million in total state aid. The programs are for renewable electricity plants with energy storage units.
Bulgaria: largest BESS project online, with Hithium
It comes after local news outlets reported that another independent power producer (IPP) Vinali Re submitted plans for a hybrid wind, solar and storage project near Dobrich in northeastern Bulgaria. In March, the country''s
An Outlook on 2025: Energy in Bulgaria
CMS Sofia Managing Partner Kostadin Sirleshtov and Counsel Borislava Piperkova talk about energy in Bulgaria in 2025. CEELM: What is in the pipeline in terms of legislation that you believe will have the most impact on
Bulgaria: Renewable Energy – Country Comparative Guides
In recent years, investment loans for the construction of solar power plants and other renewable energy projects have gained tremendous importance for the industry in Bulgaria.
Enery, OMV Petrom to partner on 400-MW solar project in Bulgaria
Austria-based renewable power producer Enery Development GmbH will establish an equally-owned joint venture with Romanian oil and gas group OMV Petrom (BSE:SNP) to
Massive new hybrid energy facility switches on to
1 day ago· The Tenevo project, located in the Yambol Province of southeastern Bulgaria, is rolling out the first phase of a massive energy transition covering Eastern Europe, according to Renewable Energy Magazine. The hybrid
Bulgaria approves EU-backed grants for EUR 269m of
Bulgaria has greenlit 249 proposals for the installation of renewable energy and battery storage capacity worth a total of BGN 526 million (USD 293.1m/EUR 268.9m) to receive funding under the National Recovery and
Bulgaria
Enery has serious investment intentions in Bulgaria and is in the process of business development for several projects with significant capacity. These projects will create new jobs and contribute to decarbonization and
OMV Petrom expands regional presence by participating in one of
OMV Petrom expands regional presence by participating in one of Bulgaria''s largest photovoltaic projects OMV Petrom acquires 50% of the shares in the Gabare solar
Supporting Bulgaria''s renewable energy transition
The project is designated as Gender SMART as the Sponsors and the Company committed to sign the UN Women''s Empowerment Principles to promote gender equality across the male-dominated energy sector in
Bulgaria: Renewable Energy – Country Comparative
In recent years, investment loans for the construction of solar power plants and other renewable energy projects have gained tremendous importance for the industry in Bulgaria.
United Group Ventures Into Green Energy with €120M
Southeast Europe''s telecoms powerhouse United Group has taken a major step into the production of green electricity with an initial €120 million investment in Bulgaria. This bold initiative heralds a new era of sustainability,