Grants are proposed to cover up to 50% of the cost of the storage component, whose capacity in MW must be equal to between 30% and 50% of the wind or solar project. The proposed quota for the first tender is 570 MW of wind and solar, with 150MW/300MWh of storage capacity.
[FAQS about Wind solar storage project financing options in Bulgaria 2025]
The total budget available is EUR 238 million, which is expected to fund approximately 30,000 battery systems by mid-2024. For households looking to install solar PV under the program, it will be mandatory to add battery storage; for farmers, storage will be optional.
The programme called "Storage Systems in Businesses" will allow commercial and industrial (C&I) parties to receive grant funding for new projects that envisage coupling new solar parks with energy storage units or integrating batteries into existing photovoltaic (PV) parks.
Specifically, according to data presented by Soltani at the RE-Source Southeast Conference, Bulgaria’s electricity market offers an opportunity for €110 per MWh profit with a battery energy storage system with two hours of discharge capacity using energy arbitrage.
[FAQS about Expected ROI of large scale battery storage project in Bulgaria 2025]
Bulgaria’s Ministry of Energy has approved €588 million in funding for 82 standalone battery energy storage projects, totaling nearly 9.7GWh of usable capacity. The final decision, announced on April 17, 2025, concludes a competitive selection process that began with 151 proposals in August 2024.
[FAQS about Successful bid price of factory solar storage project in Bulgaria 2025]
Bulgarian businesses can apply for funding under two new tenders that aim to facilitate 1,425 MW of renewable energy generation capacity coupled with 350 MW of energy storage. Funding support is only offered for the storage component.
[FAQS about Factory solar storage project financing options in Bulgaria 2030]
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Lightsource bp and its joint-venture partner, Contact Energy (Contact), secure NZ$267m financing on 168MWdc Kōwhai Park solar farm at Christchurch Airport. Financing for the project was secured from Westpac New Zealand, Mizuho, China Construction Bank and Intesa Sanpaolo – IMICIB.
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