Lead acid battery storage project financing options in Bulgaria 2026

What can boost battery storage in Bulgaria?

Another development that can boost battery storage in Bulgaria is a recent update of national legislation to include battery energy storage systems as a component of the grid.

How much does a battery cost in Bulgaria?

Currently, Bulgaria’s electricity market offers an opportunity for €110 ($122) per MWh profit on battery energy storage with two hours of discharge capacity using energy arbitrage. Rystad Energy ’s analysis estimates battery system costs at a flat €60 ($67) per MWh.

How much money does the Bulgarian Energy Ministry provide for energy storage?

The Bulgarian Energy Ministry opened a tender procedure for supply of energy storage on August 21, 2024. The procedure aims to provide funding for construction and implementation of a 3,000 MWh stand-alone battery storage facility. The total amount of the grant that can be provided under the procedure is €590 million ($ 536 million).

How much battery energy Storge capacity does Bulgaria have?

Bulgaria has installed between 40 MWh and 50 MWh of battery energy storge capacity to date. However, new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility (RRF) could add another 1 GWh of storage capacity over the next two years.

What is the National Plan for recovery and sustainability of Bulgaria?

I. INTRODUCTION According to the "National Plan for Recovery and Sustainability of the Republic of Bulgaria" published on 06.04.2022, it is envisaged to create a national infrastructure for storage of electricity from renewable energy sources (RES) named RESTORE .