Bulgaria will finance 82 projects worth over 1.14 billion levs ($662 million/583 million euro) under an EU-funded initiative to build renewable electricity storage facilities with a total capacity of 9,713 MWh, the energy ministry said.
The initiative, named Restore and funded under the National Recovery and Resilience Plan, aims to support the integration of more renewable energy capacity—mainly wind and solar—by ensuring grid stability through energy storage. The facilities will be connected to the national transmission or distribution grid and spread across the country, the ministry said in a statement on Thursday.
By the application deadline of December 5, 2024, 151 proposals were submitted, with 118 of them worth 1.64 billion levs admitted for evaluation. The procedure required a minimum of 3,000 MWh of storage capacity.
A total of 30 additional projects, valued at over 415 million levs, were placed on a reserve list.
