Explore Bulgaria's battery energy storage system (BESS) regulations, financial incentives and compliance with EU directives.
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Global renewable capacity is set to continue with robust growth in 2025, with forecasts pointing to more than 500 GW of new solar installations, 130 GW of new wind capacity, and over 50 GW of new battery storage.
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The European Union has approved Bulgaria's plan to support the construction of new energy storage facilities with a total capacity of at least 3 GWh. The project budget is €590 million, fully funded by the EU's Recovery and Resilience Facility (RRF).
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The investment was $804m and $959m respectively for the first and second phases. The facility is capable of powering approximately 971,000 homes for about four hours on a single charge.
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